Last year, AT&T announced that it was going to acquire Time Warner, a deal that was initially expected to clear by the end of this year with little to no regulatory hurdles. However, last week, reports surfaced that the US Department of Justice (DOJ) was considering whether to file an antitrust lawsuit against the merger as its talks with the two companies over the deal weren't nearing a solution. Now, sources are saying that the DOJ is withholding its approval and wants either Time Warner to sell Turner Broadcasting or AT&T to sell DirecTV.
Source: New York Times, Financial Times
AT&T may have to sell major assets to appease DOJ in Time Warner deal posted first on http://ift.tt/1tUdcCk
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