Deals
AT&T Blasts U.S. Appeal of 'Fragile' Time Warner Merger Case
- Justice Department ‘failed’ to prove its theory, AT&T argues
- Appeals court ruling may shape media and telecom industries
Photographer: Andrew Harrer/Bloomberg
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AT&T Inc. defended a court ruling approving its takeover of Time Warner, saying a U.S. appeal of the decision is based on “narrow and fragile” claims properly rejected by the trial judge.
The Justice Department failed to show that the lower-court judge who approved the $85 billion merger made a "clear error" when he rejected the government’s case that the deal would lead to higher prices for pay-TV subscribers, AT&T said in a court filing Thursday in Washington.