The Justice Department has filed a lawsuit to block AT&T's takeover of Time Warner, the parent company of CNN.

The lawsuit, filed in federal court in Washington, DC, on Monday, is an unusual challenge to the $85 billion deal, which was announced by the two companies more than a year ago. AT&T says it will fight the case in court.

In the suit, the DOJ argues that the deal violates antitrust law because AT&T would likely "use its control of Time Warner's popular programming as a weapon to harm competition."

Read more ...[1]

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[1] http://money.cnn.com/2017/11/20/media/att-time-warner-deal-lawsuit/index.html
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