Time Warner Shares Fall on Report That AT&T Deal May Get Blocked
Bloomberg -------- Time Warner Inc. shares plummeted after the Wall Street Journal reported that the U.S. Justice Department is “actively” considering a lawsuit to block its $85.4 billion sale to AT&T Inc. Shares of the owner of HBO, TBS and CNN sank 6.5 percent, their biggest decline in more than a year, before recovering slightly. AT&T shares were little changed. Regulators are also discussing possible settlement terms that would approve the deal with conditions, according to the newspaper, which cited unidentified people familiar with the matter. To learn more click on the picture below to read the article.