DoJ seeks to block Time Warner/AT&T merger

The Department of Justice has filed a lawsuit as it tries to block the acquisition of Time Warner by AT&T. The DoJ says that the merger would cause bills to rise and stifle choice for consumers. There is concern about the level of control such a merger would give the company over programming and distribution, but AT&T says that it will fight the lawsuit, saying that there is no reason for the merger to be blocked. If it was to go ahead, the merger would involve one of the largest transactions in US history -- $108 billion. But the lawsuit… [Continue Reading]