A PYMNTS Company

US: DoJ pushes for possible asset sales in AT&T/Time Warner deal

By  |  November 8, 2017
The US Department of Justice is pushing AT&T to sell assets or come up with other ways of satisfying antitrust concerns over its purchase of Time Warner, a new and potentially costly obstacle to the US No. 2 wireless carrier’s effort to buy the large entertainment company.

The Justice Department’s demand is likely to complicate its continuing antitrust conversations with AT&T, which said on Wednesday it was now uncertain when the $85.4 billion deal, announced in October 2016, would be completed.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Justice Department wants AT&T to suggest “structural remedies” to make the deal acceptable, a source familiar with the matter told Reuters on Wednesday.

    The Justice Department did not immediately respond to requests for comment. AT&T declined comment.

    Full Content: Seeking Alpha

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.