Time Warner’s Sale to AT&T Has Hit a Snag

Time Warner, that includes a Warner Bros. and DC Entertainment properties, though a whole understanding has strike a bit of a speed bump.

During an financier discussion on Wednesday, ATT CFO John Stephens pronounced that a timing of a closure of a understanding is “now uncertain” as a Justice Department is looking into a transaction.

“The timing of a shutting of a understanding is now uncertain,” Stephens told investors in New York. He declined serve comments per what’s been discussed with a Justice Department lawyers.

Variety reports that Department of Justice was deliberation a lawsuit per a deal. The association has been in talks with a DOJ to presumably figure out a approach to pull a understanding through, even if there are a set of conditions that come with it.

No one is certain accurately that a Justice Department has been focusing on, though it has turn transparent among rivals of a association that ATT could keep Time Warner calm from other companies, or benefit astray leverages in carriage negotiations.

Originally, ATT had approaching to finish a partnership by a finish of a year, though it’s now transparent that that calendar won’t be met.

by Charlie Ridgely
| Nov 8, 2017

Do you have an unusual story to tell? E-mail stories@tutuz.com