The reason for the reluctance of the US Department of Justice to approve the sale of Warner Bros. is named
The reason for the delay in the approval by the US Department of Justice of the acquisition of Time Warner by AT & T has become known. As reported by The Wrap, citing its sources, regulators demand that the new owners sell CNN with all its infrastructure. Only in this case, the US Department of Justice is ready to ratify the merger agreement signed by the parties. "We have received approval from all authorities, except the Ministry. Now we are in the stage of active negotiations. I cannot go into details, I will just clarify that the date of their completion and approval of the deal is now uncertain," one of the AT & T executives, John Stevens, commented on the situation. . Note that US President Donald Trump has repeatedly characterized CNN as a "source of false news." Quite possibly, it was the White House's discontent that caused the delay in settling all legal formalities. Recall that AT & T acquired Time Warner at the end of 2016 for $ 85 billion. The most valuable asset was considered to be HBO, which produces popular television series worldwide and consistently demonstrates high profitability. The deal was expected to be approved by regulators by the end of 2017. The Topic of Article: The reason for the reluctance of the US Department of Justice to approve the sale of Warner Bros. is named. |
