DoJ Will Sue To Block AT&T-Time Warner Merger

President Donald Trump pledged as a candidate that he would never allow AT&T's acquisition of Time Warner to be completed and now his Justice Department is poised to sue to block

The Justice Department on Monday sued to hinder AT&T's $85.4 billion offer for Time Warner, setting up a standoff over the main blockbuster obtaining to precede the Trump organization.

The Justice Department official also warned that such a merger could allow AT&T to slow down advances in technology that would cut costs for consumers.

Monday's announcement comes two weeks after a controversy erupted publicly over whether AT&T would have to sell off CNN to sidestep government concerns about the company's plan to buy Time Warner.

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AT&T responded in a statement, calling the lawsuit "a radical and inexplicable departure from decades of antitrust precedent". A similar Comcast/NBC Universal merger in 2011 went through with some conditions attached.

This follows a period filled with reports that the DOJ demanded AT&T and Time Warner sell Turner Broadcasting, which includes CNN.

"We see no legitimate reason for our merger to be treated differently", the statement said.

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The Justice Department's lawsuit cited internal Time Warner documents that said long-term contracts to host live sporting events like college basketball and baseball would help allow it to achieve "targeted rate increases".

AT&T CEO Randall Stephenson said the idea his company would be too powerful after the deal "borders on the comical".

The DoJ is reportedly concerned that AT&T would use Time Warner content to force competitors to pay more for content, according to Reuters. Mr McAfee added: "We are confident that the court will reject the government's claims and permit this merger under longstanding legal precedent".

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