According to Reuters, the U.S. Justice Department says it will appeal a federal judge’s approval of AT&T's $85.4 billion acquisition of Time Warner. AT&T was previously sued by the Justice Department on antitrust grounds, but U.S. District Judge Richard Leon approved the deal last month, allowing it to move forward. On Thursday, AT&T general counsel David McAtee said the company was “surprised” the Justice Department is appealing. In a statement he said, “We are ready to defend the court’s decision at the D.C. Circuit Court of Appeals. The court’s decision could hardly have been more thorough, fact-based, and well-reasoned.”


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Associated Press 25 May 2019 14:22 CEST

Today in History May 25