Why US Justice Department Is Objecting to AT&T-Time Warner Deal

On October 17, a US appeals court announced that it has decided to listen to the arguments related to the Justice Department’s (or DoJ) objection to AT&T’s (T) $85.4 billion purchase of Time Warner on December 6. In July, the Department of Justice asked a federal appeals court to reverse the judge’s decision to approve the mega-merger, which closed on June 14, citing concerns that the deal would raise costs and harm consumers. AT&T’s merger with Time Warner was announced in October 2016 but underwent significant regulatory scrutiny.