The Time Warner-AT&T Ruling is Expected Tomorrow





Depressed mature man holding paper and looking at it while sitting on the couch at home

Depressed mature man holding paper and looking at it while sitting on the couch at homeThe AT&T-Time Warner antitrust trial has came to a close last month now it looks like we will have a ruling tomorrow. AT&T is hoping that the judge will approve their merger with Time Warner but The Department of Justice is hoping the judge will block the deal unless certain conditions are met.

The Department of Justice has 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.

AT&T is asking for their deal to buy Time Warner to be approved without any preconditions.

Now according to reports, the Judge overseeing the case will make his ruling public tomorrow June 12th 2018.

The case has drawn attention from all sides including Sling TV’s President Warren Schlichting, who testified against the merger. “We would lose a lot of subs,” Schlichting said, during an hour and a half of testimonies at the U.S. District Court in Washington, D.C. “There would be severe bleeding. It would be a lose/lose for us, and a win/win for them.”

So how do you think the judge should rule? Should the merger be approved or blocked? Leave us a comment and let us know what you think.

Source: Fortune 

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