Tags: att | time | warner | merger | lawsuit

AT&T, Time Warner Extend Merger Agreement to April Amid DOJ Lawsuit

AT&T, Time Warner Extend Merger Agreement to April Amid DOJ Lawsuit

Tuesday, 28 November 2017 11:36 AM

AT&T and Time Warner, facing a lawsuit by the Trump administration's Department of Justice to block the telco's $85 billion takeover of Time Warner, have extended their merger agreement until April 22, 2018.

AT&T disclosed the extension of the merger-termination date in an 8-K filing Tuesday with the SEC.

On Nov. 20, the DOJ surprised many industry observers with its lawsuit to halt AT&T's merger with Time Warner on antitrust grounds. The case may be headed toward a historic courtroom showdown.

The telco noted in the filing, "AT&T intends to vigorously contest the DOJ's allegations and is confident that the Court will reject the DOJ's challenge to the merger."

AT&T's deal for Time Warner, originally struck Oct. 22, 2016, would combine the media conglomerate's Warner Bros., Turner and HBO divisions with the telecom giant.

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
Companies
AT&T and Time Warner, facing a lawsuit by the Trump administration's Department of Justice to block the telco's $85 billion takeover of Time Warner, have extended their merger agreement until April 22, 2018.
att, time, warner, merger, lawsuit
134
2017-36-28
Tuesday, 28 November 2017 11:36 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved