Appeals court to hear U.S. Justice Department objection to AT&T deal on December 6

WASHINGTON (Reuters) - A U.S. appeals court will hear oral arguments on Dec. 6 in the Justice Department's fight against AT&T Inc's $85.4 billion purchase of Time Warner, the court said on Wednesday.

Reuters October 18, 2018 02:05:58 IST
Appeals court to hear U.S. Justice Department objection to AT&T deal on December 6

Appeals court to hear US Justice Department objection to ATT deal on December 6

WASHINGTON (Reuters) - A U.S. appeals court will hear oral arguments on Dec. 6 in the Justice Department's fight against AT&T Inc's $85.4 billion purchase of Time Warner, the court said on Wednesday.

The merger, which was announced in October 2016, closed on June 14 after a U.S. district court ruled the deal was legal under antitrust law. The Justice Department has asked a federal appeals court to reverse that approval.

The core of the Justice Department’s concern is that AT&T, which owns DirecTV, would use its ownership of Time Warner’s content to make pay TV rivals pay more, thus raising their costs and forcing them to charge consumers more. The merged company includes CNN, a cable news station that is a frequent target of President Donald Trump's ire.

AT&T has said it would manage Time Warner’s Turner cable television networks as part of a separate business unit until February 2019 or the conclusion of the government's appeal.

(Reporting by Diane Bartz; Editing by Peter Cooney)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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