The US Department of Justice may not be through with AT&T and Time Warner yet. The agency has filed an appeal in its effort to stop AT&T and Time Warner from merging. Only, AT&T completed the $85 billion acquisition last month. The move is surprising given the complete victory AT&T won over the Justice Department in the case. US District Judge Richard Leon in June declined the agency’s request to block the merger, and didn’t seek any concessions from the carrier. He also said that he would deny any request to put a stay on the decision. The Justice Department DOJ won’t ask judge to delay AT&T-Time Warner merger letting AT&T seal its deal within two days. Time Warner was the linchpin to AT&T’s strategy to transform itself into an entertainment powerhouse. With the deal, AT&T took the reins over cable channels like TNT and CNN, as well as Warner Bros. — home of the Justice League — and HBO — home to Westworld and Game of Thrones. The company has quickly made its presence in the media world felt, having launched a second, low-cost streaming service called WatchTV, as well as pushing Time Warner’s crown jewel asset, HBO, to expand its content. The deal also comes amid further consolidation in the media business, including Walt Disney scooping up 21st Century Fox’s entertainment assets. In the wireless arena, T-Mobile and Sprint are attempting to merge. That enthusiasm for dealmaking may go on hold as the Justice Department makes its move…. [Read full story]
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