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Will Justice Department Undo AT&T’s Merger with Time Warner?

Scarlett Ness
Will Justice Department Undo AT&T’s Merger with Time Warner?

The US Justice Department (or DoJ) is appealing a judge’s decision to allow AT&T’s (T) $85.4 billion acquisition of Time Warner, raising the possibility that the deal could be blocked. Last month, AT&T won approval against the DoJ to move ahead with its agreement with Time Warner without any conditions. The deal closed on June 14 after the Justice Department didn’t apply for a stay of the judge’s ruling and let the deal go forward.