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Thread: Breaking: Justice Department will appeal $85 billion AT&T, Time Warner merger

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    Breaking: Justice Department will appeal $85 billion AT&T, Time Warner merger

    https://www.zdnet.com/article/justic...warner-merger/

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    AT&T's $85 billion purchase of Time Warner is once again facing a regulatory battle with the US Department of Justice.

    According to a court filing, the Justice Department plans to appeal the ruling by US District Court Judge Richard Leon that approved the merger with no conditions.

    The deal was wrapped up and finalized last month.

    The Trump administration has opposed the deal from the start. The Justice Department sued to block it last year, alleging the takeover would harm competition, increase prices for consumers, and reduce innovation.

    In his nearly 200-page opinion approving the merger, Judge Leon said that if the government asked him to stay the court order while the Justice Department appealed the case -- in other words, to keep the merger on hold during the appeals process -- he would refuse to do so.

    Were he to grant a stay during the appeals process, the merger would not have been completed before the June 21 "break-up date" for the deal.

    Leon also wrote that if the DOJ appealed and won, the Circuit Court would have no qualms about unwinding the merger. The Justice Department had 60 days to appeal the merger after it was approved.
    “The Internet wasn’t meant to be metered in bits and bytes, so it’s insane that wireless companies are still making you buy it this way. The rate plan is dead — it’s a fossil from a time when wireless was metered by every call or text.” John Legere 1/5/2017

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    Quote Originally Posted by @TheRealDanny View Post
    https://www.zdnet.com/article/justic...warner-merger/

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    AT&T's $85 billion purchase of Time Warner is once again facing a regulatory battle with the US Department of Justice.

    According to a court filing, the Justice Department plans to appeal the ruling by US District Court Judge Richard Leon that approved the merger with no conditions.

    The deal was wrapped up and finalized last month.

    The Trump administration has opposed the deal from the start. The Justice Department sued to block it last year, alleging the takeover would harm competition, increase prices for consumers, and reduce innovation.

    In his nearly 200-page opinion approving the merger, Judge Leon said that if the government asked him to stay the court order while the Justice Department appealed the case -- in other words, to keep the merger on hold during the appeals process -- he would refuse to do so.

    Were he to grant a stay during the appeals process, the merger would not have been completed before the June 21 "break-up date" for the deal.

    Leon also wrote that if the DOJ appealed and won, the Circuit Court would have no qualms about unwinding the merger. The Justice Department had 60 days to appeal the merger after it was approved.
    I’m sure the DOJ noticed the AT&T price increases that occurred after the mergers approval. If anything AT&T should’ve reduced prices after the merger went through just for show.

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    Quote Originally Posted by alj96z View Post
    I’m sure the DOJ noticed the AT&T price increases that occurred after the mergers approval. If anything AT&T should’ve reduced prices after the merger went through just for show.
    Hahahaha true!!


    Sent from my iPhone using HoFo

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    It's about CNN.
    Earl F. Parrish

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    Quote Originally Posted by efparri View Post
    It's about CNN.
    Probably not. More likely due to them already raising prices.
    Last edited by anthonyjones; 07-12-2018 at 09:33 PM.

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    And Stephenson says he will take it to the Supreme Court if necessary. But the larger question is: If AT&T continues to fold TW into it's infrastructure,, How the heck would they dissolve the merger in a year or two????

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    Quote Originally Posted by stclair49 View Post
    And Stephenson says he will take it to the Supreme Court if necessary. But the larger question is: If AT&T continues to fold TW into it's infrastructure,, How the heck would they dissolve the merger in a year or two????
    It won’t take a year or two. I’m sure the head honcho has everyone on board with this. DoJ & SCOTUS if needed.

    It’s definitely the price hikes that are waving the attention flag. This what happens when your CEOs are too stupid for reality.

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    I was trying to find similar corporate mergers that the DOJ filed an appeal after federal judge approval where the parties walked away. One that I found:

    In 2001, H.J. Heinz Co called off its acquisition of Beech-Nut after an appeals court overturned a lower court’s decision to allow the merger. The Federal Trade Commission had argued the deal would have merged the No. 2 and No. 3 baby food makers and that competition would be “lessened substantially” if it were to go forward. https://www.reuters.com/article/us-t...-idUSKBN1K234H

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    AT&T Mobility price increases are not related to WarnerMedia. They are in a separate division and that price increase could occur regardless of the status of the Time Warner acquisition. The DOJ opposed the merger before AT&T Mobility price increases, Why did the DOJ allow a merger of Walt Disney Company and parts of 21th Century Fox under similar circumstances?

    https://www.cbsnews.com/news/doj-att...ay-2018-07-12/
    Last edited by efparri; 07-13-2018 at 02:21 PM.

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    Quote Originally Posted by efparri View Post
    AT&T Mobility price increases are not related to WarnerMedia. They are in a separate division and that price increase could occur regardless of the status of the Time Warner acquisition. The DOJ opposed the merger before AT&T Mobility price increases, Why did the DOJ allow a merger of Walt Disney Company and parts of 21th Century Fox under similar circumstances?

    https://www.cbsnews.com/news/doj-att...ay-2018-07-12/
    This is like comparing apples to oranges.

    Disney conglomerate that is mostly media buys another media company, vs AT&T, which is a phone/Internet/Mobile provider, who now also has the ability to broadly distribute content across a number of platforms and generate their own content now? Why do they have to offer anything other than their own stuff?

    I think they see the Monopoly that is quickly unfolding and realizing a huge mistake was made. AT&T Mobile raises an admin fee after just spending billions of dollars on a media company? Those events are not coincidental.

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    Quote Originally Posted by fyrfyter View Post
    This is like comparing apples to oranges.

    Disney conglomerate that is mostly media buys another media company, vs AT&T, which is a phone/Internet/Mobile provider, who now also has the ability to broadly distribute content across a number of platforms and generate their own content now? Why do they have to offer anything other than their own stuff?

    I think they see the Monopoly that is quickly unfolding and realizing a huge mistake was made. AT&T Mobile raises an admin fee after just spending billions of dollars on a media company? Those events are not coincidental.
    I think you are right

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    Antitrust is about too much concentration in the same industry. That is why the AT&T Mobility and T-Mobile proposed merger was rejected. If AT&T wanted to merge with Perdue Farms, there would be no antitrust considerations.

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    Quote Originally Posted by efparri View Post
    Antitrust is about too much concentration in the same industry. That is why the AT&T Mobility and T-Mobile proposed merger was rejected. If AT&T wanted to merge with Perdue Farms, there would be no antitrust considerations.
    Chickens and Cellular service! What a combo that would make lol.
    Hartford, CT Area

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    AT&T is not just a wireless service. You are being too parochial.
    https://en.wikipedia.org/wiki/AT%26T

    The Business Solutions segment accounted for
    approximately 43% of our 2017 total segment operating
    revenues compared to 44% in 2016 and 54% of our 2017
    total Segment Contribution as compared to 52% in 2016.
    This segment provides services to business customers,
    including multinational companies; governmental and
    wholesale customers; and individual subscribers who
    purchase wireless services through employer-sponsored
    plans. We provide advanced IP-based services including
    Virtual Private Networks (VPN); Ethernet-related products;
    FlexWare, a service that relies on Software Defined
    Networking (SDN) and Network Functions Virtualization
    (NFV) to provide application-based routing, and broadband,
    collectively referred to as fixed strategic services; as well as
    traditional data and voice products. We utilize our wireless
    and wired networks to provide a complete communications
    solution to our business customers.

    The Entertainment Group segment accounted for
    approximately 32% of our total segment operating revenues
    in 2017 and 2016 and 18% of our 2017 total Segment
    Contribution as compared to 19% in 2016. This segment
    provides video, internet, voice communication, and interactive
    and targeted advertising services to customers located in the
    United States or in U.S. territories. We utilize our IP-based
    and copper wired network and our satellite technology.

    The Consumer Mobility segment accounted for
    approximately 20% of our total segment operating revenues
    in 2017 and 2016 and 29% of our 2017 total Segment
    Contribution as compared to 31% in 2016.
    This segment
    provides nationwide wireless service to consumers, wholesale
    and resale wireless subscribers located in the United States
    or in U.S. territories. We utilize our network to provide voice
    and data services, including high-speed internet and home
    monitoring services over wireless devices.

    The International segment accounted for approximately 5%
    of our 2017 total segment operating revenues as compared
    to 4% in 2016. This segment provides entertainment services
    in Latin America and wireless services in Mexico. Video
    entertainment services are provided to primarily residential
    customers using satellite technology. We utilize our regional
    and national networks in Mexico to provide consumer
    and business customers with wireless data and voice
    communication services. Our international subsidiaries
    conduct business in their local currency, and operating
    results are converted to U.S. dollars using official exchange
    rates. Our International segment is subject to foreign currency
    fluctuations (operations in countries with highly inflationary
    economies consider the U.S. dollar as the functional currency).

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    Quote Originally Posted by efparri View Post
    AT&T Mobility price increases are not related to WarnerMedia. They are in a separate division and that price increase could occur regardless of the status of the Time Warner acquisition. The DOJ opposed the merger before AT&T Mobility price increases, Why did the DOJ allow a merger of Walt Disney Company and parts of 21th Century Fox under similar circumstances?

    https://www.cbsnews.com/news/doj-att...ay-2018-07-12/
    Wrong, the price increases for AT&T wireless, and DirecTV Now are part of the merger.

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