Once again AT&T is finding themselves pushing back the deadline to buy Time Warner, the parent company behind cable channels HBO, CNN, and more.
For months now AT&T has been trying to buy Time Warner, but they are facing a lawsuit from the DOJ who is trying to block the sale or force AT&T to sell off part of AT&T. Now AT&T is settling in to fight the DOJ with a court date set for March 19, 2018.
“We do not intend to settle this matter out of simple expediency because the rule of law is at issue here,” AT&T CEO Randall Stephenson recently said. “Consistence in the application of the law is critical in a free market economy and it’s equally important for preserving confidence in our government, confidence that they will fairly adjudicate the matters brought before them. When the government suddenly, and without any notice or due process, discards decades of legal precedent, businesses large and small are left with no guideposts.”
To give them more time, AT&T is pushing back their deadline to buy Time Warner (or let the deal fall apart) to June 21, 2018. For now we will have to wait and see what happens as both the DOJ and AT&T are digging in and seem to be unwilling to set any deals.
Source: DSL Reports
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