Deals
U.S. Justice Department Says It’s Appealing AT&T-Time Warner Merger Decision
- U.S. seeks to overturn court order approving Time Warner deal
- Outcome may have broad effect on U.S. merger enforcement
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The U.S. Justice Department said it’s appealing a judge’s decision allowing AT&T Inc.’s takeover of Time Warner Inc., renewing the government’s antitrust fight against a merger that created a telecommunications and media giant.
The department’s antitrust division filed a one-sentence notice of appeal Thursday in federal court in Washington. AT&T shares declined 1.1 percent to $31.86 in extended trading at 5:05 p.m. in New York.