U.S. Justice Department to appeal approval of AT&T acquisition of Time Warner
Reuters ---------- The U.S. Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s (T.N) $85.4 billion acquisition of Time Warner, raising the prospect that the deal could be undone. The Justice Department opted in June not to seek an immediate stay of the court’s approval of the merger, allowing the merger to close on June 14, though the Justice Department still had 60 days to appeal the decision approving the merger. The government’s court filing did not disclose on what grounds it intends to challenge the approval. To learn more click on the picture below to read the article.