A federal appeals court upheld AT&T’s $85 billion merger with Time Warner on Tuesday, handing the telecom giant a major victory in its months-long legal battle against Justice Department regulators who had alleged the deal was anti-competitive.
The outcome is a major defeat for the Justice Department’s top antitrust chief, Makan Delrahim, who legal analysts say took a big risk in suing AT&T and who has now lost twice at court. The Justice Department didn’t immediately respond to a request for comment, nor to whether the agency will seek to escalate the case to the Supreme Court.that the lower court had misapplied “fundamental principles of economics” when assessing the deal’s potential impact on consumers and AT&T’s rivals.
According to the Justice Department’s appeal, the U.S. District Court for the District of Columbia ignored how AT&T could use its control over Time Warner to raise its competitors’ costs. And, it said, AT&T had an incentive to do so because company executives would naturally seek to use both their ownership of entertainment content and AT&T’s massive distribution network to maximize the company’s overall profits.
But the U.S. Court of Appeals for the D.C. Circuit held that the lower court adequately considered those factors, and that offers by AT&T to negotiate channel prices through arbitration with competing cable companies and TV providers would reduce the likelihood of harms to competition. “While we respect the important role that the U.S. Department of Justice plays in the merger review process, we trust that today’s unanimous decision from the D.C. Circuit will end this litigation,” AT&T said in a statement.
Who in the hell approved the Monopoly of AT&T merging with Time Warner? realDonaldTrump where is the competition in this...? WTF? Time to get rid of everyone one of these politicians and replace them all!!!! TERM LIMITS!!!!
Which really means, defeat to trump’s personal pique. Poor Donnie. Another in a long list of defeats for his personal animosities vs what is right. ‘Do as I say, not as I do’ is his overriding presiduncial policy.
follow the money. more for the elite, less for the citizens
Trump just can’t win!
Didn't we all learn as a kid how bad a monopoly is....
And soon the Covington kids will defeat you
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
US appeals court blesses AT&T's $81B merger with Time WarnerWASHINGTON (AP) — A federal appeals court has blessed AT&T's takeover of Time Warner, defeating the Trump administration by affirming that the $81 billion merger won't harm consumers or... Is Donald Trump doing good job? Tell us answer and win a visa gift card
Källa: AP - 🏆 728. / 51 Läs mer »
US appeals court clears AT&T's $81B merger with Time WarnerSweet, can’t wait for prices to soar. Bad decision! Lets please appeal it to Supreme Court & I’ll tell you why.ATT denied me phone in Philly area bc my AZ ID didn’t have exp. on it. They don’t put exp dates on AZ ID,it’s there job to know that. Also after getting company phone ATTworker stole my tablet! They admit it
Källa: ABC - 🏆 471. / 51 Läs mer »
Appeals court backs AT&T acquisition of Time WarnerAppeals court rejects bid by the Justice Department to overturn a ruling that cleared the way for AT&T's acquisition of Time Warner, including CNN Could this be any more confusing to read? All anyone needs these days is a solid internet connection. Good luck making money on that. This is bad policy by government. Allowing companies to eliminate competition resulting in much higher cost for consumers ! NOT lowering cost as they propose because of reduced cost thru consolidation . A lie in itself.
Källa: cnnbrk - 🏆 393. / 55 Läs mer »
Federal judge upholds Trump administration's ban on rapid-fire bump stocksPeople still in possession of the devices will be required to destroy or turn them over to a local office of the ATF. I will design stunning Amazon Thank you card or product insert which will motivate your customer to leave great review. Order Here: 'People still in possession of the devices will be required to destroy or turn them over to a local office of the bureau of Alcohol, Tobacco, Firearms and Explosives.' FAT CHANCE OF THAT HAPPENING! The price for bump stocks just went a bit higher. That is all that this will do.
Källa: NBCNews - 🏆 10. / 86 Läs mer »
Källa: Breakingviews - 🏆 470. / 51 Läs mer »