US Department of Justice will challenge the purchase of Time Warner
The US Department of Justice intends to challenge the takeover of Time Warner Inc. by AT & T. According to Deadline, the lawsuit will be filed, as the parties failed to settle some antitrust issues with the regulatory authorities. It is alleged that negotiations between the ministry and AT & T representatives will continue. The market has already reacted to the news with a sharp drop in the shares of both companies. In particular, the shares of Time Warner Inc. fell immediately by four percent, and the value of shares of the parent company AT & T, which had been declining for 52 consecutive weeks, decreased by another percent. Recall that on October 23, 2016 it was announced that AT & T acquired Time Warner with all of its $ 85 billion assets. The Topic of Article: US Department of Justice will challenge the purchase of Time Warner. |
