US Department of Justice disputed the sale of Time Warner
The US Department of Justice has challenged a court ruling authorizing the sale of Time Warner to tech giant AT & T. Dedline reports this with reference to the official representatives of the supervisory authority. The notice does not contain any arguments in favor of the appeal, the Ministry of Justice will probably continue to insist that the merger harms both consumers and competing companies ... Note that Makan Delrahim, appointed by the US President Donald Trump as the head of the Antimonopoly Department, did not rule out the possibility of appealing the court ruling, but few expected that the Ministry really intended to do this, and, moreover, as soon as possible. Recall that AT & T announced the acquisition of Time Warner back in October 2016, but only in June 2018, at the trial, the right to such a takeover was confirmed. During this time, the capitalization of both companies has significantly decreased. It is also noteworthy that in the summer of 2018, the same antimonopoly division of the US Department of Justice without any problems approved the agreement on the acquisition by Walt Disney of the assets of 21st Century Fox, including the 20th Century movie studio Fox The Topic of Article: US Department of Justice disputed the sale of Time Warner. |
