U.S. Justice Department to appeal approval of AT&T-Time Warner merger

ATT-TW1

The U.S. Justice Department announced on Thursday last week that it will appeal the AT&T-Time Warner merger approval. The deal was completed on June 14.
In a statement, David McAtee, AT&T General Counsel said, “the Court’s decision could hardly have been more thorough, fact-based, and well-reasoned. While the losing party in litigation always has the right to appeal if it wishes, we are surprised that the DOJ has chosen to do so under these circumstances.”
AT&T announced its USD 85.4 billion deal with Time Warner in October 2016. The Justice Department filed a lawsuit to block the merger in November last year. District Judge Richard Leon finally approved the merger last month.
Leon’s ruling concluded that the DOJ could not prove that the deal harms competition on pay TV and urged the agency not to seek a stay of his ruling , saying it would be “manifestly unjust” to do so and not likely to succeed.
According to Reuters, the government’s notice of appeal filed in U.S. District Court in Washington did not disclose on what grounds it intends to challenge the approval.