U.S. judge sets March trial for AT&T-Time Warner merger case

Mae Love
December 7, 2017

The legal fight will proceed after the Justice Department filed an antitrust lawsuit against AT&T in an effort block its proposed $85 billion takeover of Time Warner. That puts her in the same camp as the president.

Photo Senator Elizabeth Warren last month.

She laid out her views on dealmaking in a speech on Wednesday.

Sen. Elizabeth Warren, D-Mass., said she supports the Justice Department in blocking AT&T's merger with Time Warner, saying in a Wednesday speech that the deal poses a threat to competition.

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Warren also took aim at Makan Delrahim, the DOJ's antitrust division chief.

"Getting an opinion on April 22 is not going to happen", he said. It's a key deadline: Either side can walk away from the acquisition if it isn't completed by then, and AT&T would have to pay Time Warner a $500 million breakup fee. It's unclear whether the DOJ, which reviews insurance-industry deals, has jurisdiction over the merger or if the Federal Trade Commission, which assesses the pharmaceutical and retail sectors, would handle it. "While DOJ's action on the AT&T-Time Warner merger is a good step, one case alone does not prove that DOJ will be the strong antitrust enforcer that America needs", Warren said. She also branded Mr. Delrahim as someone with a "long record" of backing bad mergers.

The Justice Department in November sued to block AT&T's planned acquisition of Time Warner.

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