AT&T Faces Lawsuit against Acquisition of Time Warner

  • A lawsuit has been filed against AT&T to prevent its acquisition of Time Warner. The US department of Justice has begun the legal processes citing that the result of merging would diminish the competition and raise the consumer prices. US President Donald Trump also objected to the merging deal, stating this would concentrate too much power in a few hands. However, AT&T has called the move a departure from US anti-trust policy and decided to fight the move.