DOJ Ponders Antitrust Action on Time-Warner/AT&T Merger

Time Warner shares fell Thursday after a newspaper reported that the Department of Justice is considering an antitrust lawsuit to block AT&T’s acquisition of the media giant, according to a Wall Street Journal report yesterday.

Time Warner share price was down 4.1 percent after the Journal reported the department’s antitrust division is preparing for litigation in case it decides to sue to block the deal. At the same time, the department and the two companies are discussing possible terms that would allow the deal to receive the government’s approval, the Journal reported, citing people familiar with the matter. 

AT&T representatives have met with Justice officials in recent weeks, and the department hasn’t made a final decision, but the two sides aren’t close to an agreement, the Journal’s sources said.
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