SAN FRANCISCO, Nov. 21 (Bloomberg) - The U.S. Department of Justice expressed concerns over AT & T's acquisition of Time Warner Inc .. The New York Times reported that the U.S. Department of Justice said if AT & T wanted to reach a deal with Time Warner Inc. of 85.4 billion U.S. dollars The takeover deal requires the sale of Turner Broadcasting, a subsidiary of Time Warner, a media group with CNN.
The New York Times report was followed by much controversy, but not completely denied, but now, according to Reuters, the Department of Justice plans to sue AT & T to prevent its acquisition of Time Warner.
According to the Department of Justice, the transaction between AT & T and Time Warner could be a "major antitrust case." Up until now, the Department of Justice has not released any official indictments, though both the Reuters and Bloomberg allege that the Justice Department intervened Times trading.
Incidentally, US President Trump once repeatedly publicly criticized CNN on Twitter as a fake news media. He could not help but question CNN's "hostility." However, he denied having made any comment on the acquisition However, last year's campaign for the presidency, Trump had publicly expressed his view of the acquisition, he said: 'AT & T to buy Time Warner, but also its CNN, if I am in power, I was never It will not be approved because it will over-concentration AT & T's power and it will be in power in both areas. '