AT&T Strikes Back at DOJ’s Appeal of Time Warner Deal

On September 20, AT&T (T) defended a court ruling that allowed its $85.4 billion acquisition of Time Warner, arguing that the United States Department of Justice (or DOJ) has failed to show that the acquisition would hurt consumers with higher costs and lower competition in the pay-TV space. The telecommunications behemoth has filed a new 59-page brief with a federal appeals court, which is reviewing the DOJ’s ongoing challenge to the acquisition.