US appeals $80bn AT&T-Time Warner deal - HabariCloud
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US appeals $80bn AT&T-Time Warner deal

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US appeals $80bn AT&T-Time Warner deal

In this file photo taken on October 23, 2016 People walk past an AT^T store in New York.Image copyright AFP/Getty

The US government has decided to appeal a landmark court ruling that cleared the way for telecoms giant AT&T to buy Time Warner in an $80bn (£60bn) deal.

The ruling was a significant defeat for the US Justice Department, which had argued the deal would lead to less competition and higher consumer prices.

A US district court judge rejected those arguments last month, allowing the takeover to go through without conditions.

AT&T completed the deal shortly after.

The company did not immediately comment on the DoJ move.

Source: BBC | © BBC, All Rights Reserved

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