A PYMNTS Company

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

 |  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.

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.