(NEW YORK) — The Justice Department is suing AT&T to stop its $85 billion purchase of Time Warner, setting the stage for an epic legal battle with the telecom giant. The government claims that consumer cable bills will rise if the merger goes through, saying the deal would “substantially lessen competition, resulting in higher prices and less innovation for millions of Americans.” AT&T would be able charge rival distributors such as cable companies “hundreds of millions of dollars more per year” for Time Warner’s networks, the Department of Justice charged in a press release. Those payments are ultimately passed down to consumers through their cable bills.
Justice Department Will Sue To Stop At&t-time Warner Merger
Tali Arbel / AP, Time
Mon, 11/20/2017 - 2:43pm
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