And along came the DOJ...

AT&T's (T - Get Report) pending $85.4 billion acquisition of Time Warner (TWX) faces a significant roadblock in the form of winning regulatory approval from President Trump's Department of Justice. A year after the deal was first announced, the DOJ has told AT&T that it must either sell Turner Networks with assets that include CNN or say goodbye to DirectTV. 

AT&T CEO Randall Stephenson has since said that AT&T has no plans to sell CNN. 

Will further negotiations see the deal go through or will the DOJ ring in the new year with a court case?

Watch More with TheStreet:

Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.

N/A