Snow Delays Blockbuster ATT/Time Warner Case: Media
Mohammad Ali (@ChaudhryMAli88) Published March 21, 2018 | 09:45 AM
Washington, (APP - UrduPoint / Pakistan Point News - 21st Mar, 2018 ) ::Snow forecast to hit Washington on Wednesday will delay the start of the nation's biggest antitrust case in decades, US media reported.
Opening arguments in the government's effort to block the merger of AT&T and Time Warner were to begin on Wednesday but have been pushed back to Thursday, the reports said. The Justice Department filed suit in November to block the planned $85 billion tie-up of AT&T, one of the dominant telecom and internet firms, with media-entertainment powerhouse Time Warner, whose units include HBO and Warner Bros.
studios. The deal had been under review since late 2016, and the case has also been clouded by politics, notably the feud between President Donald Trump and Time Warner unit CNN -- which the White House regularly attacks as "fake news.
" In its trial brief, the Justice Department argues that the tieup would be bad for competition and raise prices.
AT&T, in turn, argues competition concerns are overblown because the two companies operate in different segments: one is a distributor, the other a creator of content. The US National Weather Service forecasts up to eight inches (20 centimeters) of snow for Washington on Wednesday, making it the first major storm to hit the nation's capital this year -- the day after spring began.
Related Topics
Recent Stories
Applications Open for 6th Cycle of Start-up Incubation under the National Expans ..
Join vivo's "Light it Up" Social Media Contest in Ramadan to Win vivo V30 5G
Pakistan v New Zealand T20I series: Tickets to go on sale from today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 29 March 2024
Today Gold Rate in Pakistan 29 March 2024
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per uni ..
Hoopo Inc. Collaborates with SAU to Install Solar-Powered RO Plant
04 killed in Spain as Storm Nelson looms
More Stories From World
-
Tokyo shares close higher after Wall Street records
5 minutes ago -
Evan Gershkovich: determined US reporter jailed in Russia
25 minutes ago -
African Union 'warmly congratulates' Faye on Senegal election win
35 minutes ago -
Biden, Obama, Clinton rake in cash at NYC campaign stop
2 hours ago -
Israeli strike kills 36 Syrian soldiers near Aleppo: war monitor
2 hours ago -
Russian veto ends monitoring of UN's N.Korea sanctions
2 hours ago
-
Football: Italian Serie A table
2 hours ago -
Football: Spanish La Liga table
2 hours ago -
World court orders Israel to unblock Gaza food aid, as famine lurks
2 hours ago -
Football: English Premier League table
2 hours ago -
Greek govt defeats censure motion over train tragedy
3 hours ago -
Baltimore bridge, port recovery will be 'very long road'
3 hours ago