Justice Department will appeal decision approving AT&T-Time Warner merger
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The U.S. Justice Department has filed a notice indicating it will appeal a federal judge’s decision approving the merger of media giants AT&T and Time Warner.
U.S. District Judge Richard Leon of Washington, D.C., approved the merger on June 12, concluding the DOJ didn’t prove the $85.4 billion deal would harm consumers.
Leon had said it would be unjust for the government to seek a stay of the ruling pending an appeal because it would have the effect of preventing the merger before a June 21 “break-up date.” The merger took place two days after Leon’s ruling, CNN Money reported at the time.
Time Warner’s cable networks were to be managed as a separate business unit, according to a letter sent to the Justice Department by a lawyer for the merged company. Time Warner’s networks include TNT, TBS, CNN, and HBO.
AT&T owns DirecTV, the nation’s largest distributor of traditional subscription television.