Justice Department to Sue to Prevent AT&T-Time Warner Merger

The Justice Department will file a lawsuit seeking to block the $85 billion merger of AT&T and Time Warner, Bloomberg reported Monday afternoon.

The deal, announced last October, would create a media behemoth with assets including the Warner Bros. studio, CNN, HBO, the Turner networks, AT&T’s wireless business and DirecTV. However, President Donald Trump has taken aim at the mega-merger on the campaign trail and repeatedly branded CNN as “fake news.”

The Financial Times reported...

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