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Judge rules against AT&T on Trump-DOJ contacts in merger case

Published 02/20/2018, 02:11 PM
© Reuters.  Judge rules against AT&T on Trump-DOJ contacts in merger case
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  • In a blow to AT&T (T -1%) and its $85B bid for Time Warner (NYSE:TWX), a judge has ruled that the Dept. of Justice doesn't have to identify whether there was contact between the Trump White House and Attorney General Jeff Sessions about the deal.
  • Time Warner shares have headed into negative ground, down 0.2%.
  • A pre-trial hearing Friday took up the matter and the judge indicated he might rule that same day.
  • AT&T had hoped to use the contacts to show that the DOJ's opposition to the deal was spurred by President Trump's opposition to Time Warner's CNN news network.
  • The government's case against the deal is set to go to trial next month.
  • Previously: AT&T pressing Trump contact issue in Time Warner pre-trial hearing (Feb. 16 2018)
  • Now read: Even A Cloudy Crystal Ball Comes Into Focus Twice A Year


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