Justice Department Defies Judge To Appeal AT&T-Time Warner Merger Approval

By Tyler Durden

As it turns out, The DOJ isn’t ready to let a federal judge’s decision to kill its challenge to the AT&T-Time Warner merger go unchallenged.

As a reminder, Judge Leon advised the government not to seek a stay of the ruling. Furthermore, Leon declared that seeking a stay would be a “manifest injustice.”

A month after the judge’s ruling was handed down – and after the judge effectively warned the federal government not to appeal – the DOJ has done just that, reviving the federal government’s fight to block the $85 billion ‘vertical integration’ deal.

BREAKING: Justice Department to appeal AT&T and Time Warner merger approval – court filing pic.twitter.com/arTpmjDNdi

— Reuters Business (@ReutersBiz) July 12, 2018

The news sent shares of AT&T lower just under 2% in the after-market:

Investors will now be looking out for more information regarding what aspect of the judge’s ruling the DOJ will choose to challenge.

…read more

Source:: Zero Hedge

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