Justice Department asserted federal judge Richard Leon ruled for AT & T’s 85 billion acquisition of Time Warner on June 12 “just by mistakenly ignoring the basic principles of economy and common sense. “
The Office made it claim in a short Monday that explained the government’s reasons for blocking the merger when appealed.
As part of his June decision, Leon strongly urged the government to resist a stay and not appeal against the decision, explaining at the time that “I do not think the government has a likelihood of success in the appeal’s character.”
The government filed a complaint one month later anyway.
AT & T had a quick r
“Appeals are not” surplus. “After a long trial, the referee refused the evidence and made an extensive decision on 172 pages that systematically exposed each of the many holes in government cases, says AT & T Secretary General David McAtee in a message sent to the US today.” There is nothing in DOJ’s brief day that should interfere with that decision. “
AT & T announced the agreement to acquire Time Warner, whose properties comprised HBO, CNN and TNT, in October 2016. The Ministry of Justice voted to block the merger about 13 months later claimed that AT & T to get too much power over how Americans get their entertainment – AT & T provides broadband and owns satellite television service DirecTV – and what they are watching.
During the next six week’s attempts held in The US District Court in Washington, DC, claims the Justice Department AT & T would have the leverage to pay rival pay-TV providers more for the right to distribute Time Warner network, with higher fees being transferred to consumers.
AT & T objected that after the merger company could better compete against such online video contests like Facebook, Google, Netflix and Apple.
The Government Card added that Leon’s conclusion rested on two fundamental analytical errors: it discarded the economy in negotiations and failed to apply the basic principle of enterprise-wide profit maximization. “
In short, it was also argued that AT & T CEO Randall Stephenson” has acknowledged that despite his statement, the intention to operate Time Warner and AT & T independently, both units will report to him; He will be responsible for the strategic planning of both entities. and as CEO, he is required to maximize the shareholder value of the company as a whole. “
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