AT&T and Time Warner have extended until April 22 the deadline for their merger, following the Justice Department’s decision to file a lawsuit to block it.
This is the second time AT&T has extended the deadline, which was originally set for Oct. 22. The company announced the decision in a document filed with the Securities and Exchange Commission (SEC).
On November 20 the U.S. Justice Department filed a lawsuit to block AT&T’s takeover of Time Warner. In its document, AT&T said that it would “vigorously” contest the DOJ’s allegations and that it was “confident” the court will reject the DOJ’s challenge to the merger.
The USD 85.4 billion deal was announced in October 2016. Both companies have already received authorization to complete the merger in several Latin American countries.