US Sues to Stop AT&T's Takeover of Time Warner 1 234 567

US Sues to Stop AT&T's Takeover of Time Warner

voanews.com

The U.S. Justice Department is suing to stop AT&T's multi-billion dollar bid to take over another communications giant, Time Warner, calling it illegal and likening it to extortion."The $108 billion acquisition would substantially lessen competition, resulting in higher prices and less innovation for millions of Americans," a Justice Department statement said Monday."The combined company would use its control over Time Warner's valuable and highly popular...

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