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?
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