HBO Vice

Report: The DOJ May Try to Block AT&T’s Purchase of Time Warner

Recently we have been hearing reports that the AT&T purchase of Time Warner was all but a done deal. (Remember: This is Time Warner the content company that owns channels such as HBO not the cable TV company.)

Now The Wall Street Journal is reporting that the Department of Justice (DOJ) is looking at their options to block the purchase by maybe filing an antitrust lawsuit, but they say that the DOJ is working with both companies on a possible settlement with conditions for merger approval. If a deal is not struck, the DOJ is ready to litigate the case in court. AT&T’s deal to buy Time Warner is a $85.4 billion deal in cash and stock.

Recently AT&T extended the deal until early 2018. Under the original deal AT&T could walk away at this point, but it looks like AT&T is serious about buying Time Warner and extended the deadline. AT&T has previously hinted that they would be willing to strike a deal with regulators to buy Time Warner.

Now we have to wait and see if the two sides come up with a deal that everyone can agree to.

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8 Responses to Report: The DOJ May Try to Block AT&T’s Purchase of Time Warner

  1. swkerr November 3, 2017 at 9:28 am #

    This deal is bad for consumers but I can’t see that they can stop. There are already similar giant ISP media company combos that have been approved. This is no worse than what exists today.

    Would be great if they did create a barrier to IPS owning content ownership but since the FCC is busy killing any rules to control it I doubt we are going to see an end to the actual combinations of Giant ISP and Content companies.

  2. Andrew Lindeman November 3, 2017 at 9:36 am #

    I wonder what this will do for the free HBO for DirectTV Now subscribers who also have one of the two qualifying AT&T Wireless Unlimitied plans. I suspect if the merger gets squashed, we’ll soon no longer have free HBO.

    • Phuq_Me November 3, 2017 at 4:52 pm #

      If blocked you can kiss free/$5 HBO good bye.

    • Marc H November 4, 2017 at 4:12 am #

      I would think you are grand fathered in but they will probably do things to make the unlimited unattractive until enough people drop it.

  3. GersonT1000 November 3, 2017 at 12:03 pm #

    I love that I’m getting a free year of HBO and then it’s only $5/month after that, but I’ll happily give that up if it means this merger is blocked. Service providers should not own any networks.

    • Phuq_Me November 3, 2017 at 4:51 pm #

      Comcast owns NBC so there is already precedent.

      • GersonT1000 November 6, 2017 at 9:45 am #

        I know that there are already networks owned by cable companies, that still doesn’t take away my opinion that they shouldn’t.

  4. TaiPeng November 3, 2017 at 12:04 pm #

    I like my $5 HBO thank you very much DTVN.