The U.S. Justice Department is appealing the AT&T and Time Warner deal [Update]Updated July 13, 2018: AT&T already has something to say about the DOJ's appeal. Per the carrier: "The Court's decision could hardly have been more thorough, fact-based, and well-reasoned. While the losing party in litigation always has the right to appeal if it wishes, we are surprised that the DOJ has chosen to do so under these circumstances. We are ready to defend the Court's decision at the D.C. Circuit Court of Appeals."
Not even a month after AT&T purchased Time Warner for $85 billion, the U.S. Justice Department is now appealing the deal.
A court document was filed on Thursday, July 12, confirming the news. The appeal is being led by District Court Judge Richard Leon.
Per CNBC, Leon noted in his 200-page appeal filing that "the government failed to meet its burden to establish that the deal would significantly decrease competition."
On June 15, AT&T officially completed its purchase of Time Warner following months of debating the acquisition in court. Time War...
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The U.S. Justice Department is appealing the AT&T and Time Warner deal [Update]
