U.S. appeals judge's order allowing AT&T to buy Time Warner

14 July, 2018, 11:19 | Author: Regina Silva
  • Justice Department appeals approval of AT&T-Time Warner deal

AT&T's $85 billion purchase of Time Warner is once again facing a regulatory battle with the US Department of Justice.

Judge Richard Leon ruled in AT&T's favor in June, saying in a blistering verdict that the Department of Justice did not sufficiently meet its burden of proving that the deal would allow AT&T to harm rival TV providers. "While the losing party in litigation always has the right to appeal if it wishes, we are surprised that the DOJ has chosen to do so under these circumstances", AT&T General Counsel David McAtee said in a statement provided to CNBC. The deadline could be missed, allowing under the merger agreement for either company to walk away from the deal and forcing AT&T to pay Time Warner a $500 million "breakup" fee.

By opposing the merger, the government was forced to argue against a legal doctrine which favours vertical mergers - which is a combination between companies which do not compete directly with each other.

The merger, first announced in October 2016, was opposed by President Donald Trump.

The June 12 ruling was a blow for the Justice Department's antitrust division. AT&T is a phone, cable and satellite behemoth that became the biggest pay-TV provider in the USA with its acquisition of DirecTV in 2014. "AT&T and Time Warner concluded that each had a problem the other could solve", he wrote.

Antoine Griezmann mocks Chelsea and Thibaut Courtois after France dig
Young Kylian Mbappe has emerged as the new superstar of French football, and alongside Antoine Griezmann , has terrified defences. He finished top scorer at Euro 2016 with six goals but France lost the final to Cristiano Ronaldo's Portugal on home soil.


Celebrities React to Their Emmy Nominations
The 2018 Golden Globe Awards will kick off on Sunday, Sept. 17, at the Microsoft Theater in downtown Los Angeles . When Netflix snapped HBO's 17-year streak as Emmy nominations leader, more than bragging rights switched hands.


Dumoulin and Bardet lose time at Tour de France after bikes break
Alejandro Valverde finished third for Movistar ahead of Quick-Step Floors' Julian Alaphilippe, who missed out on bonus seconds. New Zealander Dion Smith led a five-man breakaway at the start of the hilly 181 kilometre stage, which started in Brest.


This fuelled speculation that Trump could be retaliating due to critical coverage of his administration from news broadcaster CNN, which was part of Time Warner.

However, that apparently was not enough to satisfy the DoJ, which declined to comment.

It has committed to certain conditions under which it will run Time Warner's Turner Broadcasting, which includes CNN.

Delrahim and DOJ-Antitrust's suit against the AT&T-Time Warner merger bucked this trend, seeking to establish a norm against some vertical integration in the era of tech giants that increasingly offer products up and down the supply chain.

Comcast started a bidding war with Disney for the entertainment assets of Rupert Murdoch's 21st Century Fox in the days following the court ruling.

Recommended:

  • Call of Duty: Black Ops 4 Multiplayer and Blackout Betas Revealed

    As detailed by Activision, the Private Multiplayer Beta will offer six maps, two of which will be making their first appearance. Well, we'll finally find out how many people can participate in Blackout , as Treyarch has announced when the betas will begin.

    Shaqiri on brink of sealing Liverpool switch

    Xherdan Shaqiri is relishing the chance to get into the big time after he finally became Liverpool's third signing of the summer. Shaqiri wears the No. 23 for Switzerland and could well adopt the number vacated by Emre Can on his new venture at Juventus.
    Gaviria makes it debut double in thrilling stage-four sprint

    Gaviria makes it debut double in thrilling stage-four sprint

    Froome was left 55 seconds behind in the overall standings with another week of nervy rolling stages before hitting the Alps. The 23-year-old Gaviria had already won Stage 1 - when he also edged Sagan - on his Tour debut for his Quick-Step team.
  • India reportedly approves net neutrality rules

    India reportedly approves net neutrality rules

    Trai submitted its recommendations backing net neutrality , the principle of an open internet , to the commission in November. A separate committee has been set up under the Department of Telecom (DoT) to examine what these critical services will be.
    UK Brexit paper an evolution, not a solution - Varadkar

    UK Brexit paper an evolution, not a solution - Varadkar

    US President Donald Trump was invited to inspect the Coldstream Guards at Windsor Castle, accompanied by Her Majesty the Queen. The Sun is owned by Rupert Murdoch, a close ally of the president's, who also owns Fox News Network, Trump's favorite U.S.

    Ex-GOP lawmaker: Strzok hearing 'was a humiliating day' for Republicans

    Strzok, a seasoned counterintelligence agent, helped lead both investigations but has since been reassigned to human resources. This is Strzok responding to Republican lawmakers questioning him about one of the messages.
  • Sprint Introduces ‘Unlimited Plus’ and ‘Unlimited Basic’ Plans

    Sprint Introduces ‘Unlimited Plus’ and ‘Unlimited Basic’ Plans

    Indeed, it will now restrict video quality to 480p and reduce LTE hotspot usage from a whopping 10GB to 500MB. If you travel overseas to Canada or Mexico, you'll get unlimited talk and text, and 5GB of high-speed data.
    Package delivery firms ready to fill gap as Greyhound leaves Western Canada

    Package delivery firms ready to fill gap as Greyhound leaves Western Canada

    Kendrick said he understands that the decision will leave most of the affected communities with no other transportation options. The only route remaining will be in British Columbia, a US -run service between Vancouver and Seattle.
    Soon, Only One Blockbuster Store Will Be Left in the US

    Soon, Only One Blockbuster Store Will Be Left in the US

    Slowly but surely, Blockbuster began to fade away like Thanos performed the "Snap" on all of the store's locations. In September 2010 it filed for bankruptcy and has spent the past eight years closing down stores across the world.
  • Trump Should Cancel Putin Summit Over Indictments, Democrats Say

    And on Friday, he voiced skepticism that the meeting with Putin would result in a confession about election meddling. The indictment also does not allege that any vote tallies were altered by hacking.
    Stormy Daniels Speaks Out After Getting Arrested at an Ohio Strip Club

    Stormy Daniels Speaks Out After Getting Arrested at an Ohio Strip Club

    This photo provided by the Franklin County Sheriff's Office on Thursday, July 12, 2018 , shows porn actress Stormy Daniels . The court documents also did not specify whether or not Clifford was taken into custody.
    Trump administration cuts grants to help people get Obamacare

    Trump administration cuts grants to help people get Obamacare

    The ambiguity involved in the conflicting New Mexico and MA rulings may mean the suspension of payments will indeed be temporary. Compare that to agents and brokers who enrolled 42 percent of customers at a cost of just $2.42 per enrollee.


Popular

Nawaz Sharif's Mother Says She'll Go to Jail with Son & Granddaughter
Sharif alleges the military is aiding a "judicial witch-hunt" against him and his Pakistan Muslim League-Nawaz (PML-N) party. More than a dozen PML-N workers and two policemen were hurt when police used batons and tear gas to disperse the crowds.

Milwaukee Bucks Forward Jabari Parker Hosts Pickup Game In Local Park
Based on their actions in the past, Milwaukee would likely pass on the opportunity to extend their restricted free agent. The potential for greatness is still possible, but with every passing day, a shred of optimism passes through the drain.

Ten months after baby, Serena Williams in Wimbledon 2018 final against Kerber
The pair will now contest their third Grand Slam final, with each having won one so far. "I don't even know how to feel". Kerber, a finalist at Wimbledon just two years ago, and a two-time Slam victor , should be a much tougher test.

The world’s ugliest dog Zsa Zsa the English Bulldog has died
Ms Brainard, of Anoka, Minnesota , adopted Zsa Zsa after spotting her on Petfinder. She bested 13 other dogs to claim the top spot.

Trump attacks CNN, NBC and British paper in news conference
Britain Prime Minister Theresa May and President Trump at a joint news conference Friday. President, since you attacked CNN , can I ask you a question? ".

HTC’s blockchain-powered smartphone Exodus is real, and coming this fall
Prior to the launch, the company is partnering with the popular blockchain title, CryptoKitties . On your smartphone, you can collect and display cryptococal as on the computer.

Meghan, Duchess of Sussex joins The Queen for second balcony appearance
They have a jam-packed itinerary in Dublin including meetings with the Taoiseach, Leo Varadkar, and Irish President, Michael D. Meghan wore a black Dior dress with a boatneck neckline and a matching Stephen Jones fascinator.

Serena into semis after fighting back to beat Giorgi
If her best is anything like we saw Tuesday, it seems like it will be an incredibly hard task for Goerges to pull off the victory. Williams unleashed some savage forehands that rocked the Italian then secured her first break with a crosscourt victor .

Trump rails against Germany, demands allies double North Atlantic Treaty Organisation spending
Everyone has agreed to substantially up their commitment. "It has been really wonderful to see the level of spirit in that room". He claimed in a press conference that "Yesterday I let allies know I was extremely unhappy with what was happening".

Will Smith Scales a Bridge for Drake's 'In My Feelings' Challenge
Smith, 49, did the routine on top of a bridge in Budapest - which is why he says his moves are "stiff". It also earned Will the stamp of approval from Drake himself, who commented: "Wow the video is done".