Justice Dept. sues to stop AT&T's $85B Time Warner deal
NEW YORK (AP) " The Justice Department is suing AT&T to stop its $85 billion purchase of Time Warner, setting the stage for an epic legal battle with the telecom giant.The government claims that consumer cable bills will rise if the merger goes through, saying the deal would "substantially lessen competition, resulting in higher prices and less innovation for millions of Americans." AT&T would be able charge rival distributors such as cable companies "hundreds of millions of dollars [...]
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