Justice Department To Appeal Time Warner-at&t Merger

The Department of Justice said Thursday that it would move to appeal the approval of a massive merger between Time Warner and AT&T, CNBC reports. The $85.4 billion deal was approved by a federal judge in June, despite the DOJ's protest at the time that the merger would render the TV industry "less competitive and less innovative." The DOJ's decision to appeal the approval was revealed in a court filing Thursday.

 

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