Now, according to a Fox Business report, the DOJ is reportedly looking into appealing the ruling in hopes of overturning the merger or adding conditions to the merger.
Last year the DOJ had called on AT&T and Time Warner to sell all or part of the Turner Broadcasting Group—the group of cable networks that includes CNN—or to sell off DIRECTV and keep the cable networks as a potential requirement for approving the pending deal. After AT&T refused, the DOJ sued to block the merger.
AT&T asked the court to approve their $85 billion deal to buy Time Warner without any preconditions.
Now we wait to see what the DOJ will do next. If they appeal that could put AT&T in a holding period as they wait to see what the appeals court does.
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