U.S. judge sets March trial for AT&T-Time Warner merger case

2


WASHINGTON (Reuters) – The judge who will oversee the U.S. Justice Department’s bid to stop wireless and pay TV company AT&T Corp (T.N) from buying media company Time Warner Inc (TWX.N), on Thursday set March 19 as the trial date.

The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City, Mexico, September 18, 2017. REUTERS/Edgard Garrido

Judge Richard Leon at the U.S. District Court for the District of Columbia set the date in a pre-trial hearing. AT&T asked the court to hear the case beginning Feb. 20. The government was pressing for May 7.

AT&T and Time Warner announced their $85 billion deal in October 2016, and the Justice Department sued last month to block the it, arguing that the transaction could raise prices for rivals and pay-TV subscribers and hamper the development of online video.

Reporting by Diane Bartz, editing by G Crosse

Our Standards:The Thomson Reuters Trust Principles.



Source link

Loading...

LEAVE A REPLY

Please enter your comment!
Please enter your name here