AT&T ready to fight United States on Time Warner deal: CEO

AT&T ready to fight United States on Time Warner deal: CEO

AT&T ready to fight United States on Time Warner deal: CEO

US Department of Justice staff have recommended that AT&T sell either its DirecTV unit or Time Warner's Turner Broadcasting unit - which includes CNN - a government official told Reuters on Thursday, in order to gain antitrust approval. He added that AT&T was also not willing to sell HBO or Warner Bros., which would also come along with Time Warner if the deal goes through.

President Donald Trump indicated the Justice Department may try to block AT&T Inc.'s proposed purchase of CNN owner Time Warner Inc., saying "it will probably end up being maybe litigation".

Delrahim has said he prefers "structural" changes to a deal, like selling off assets, rather than having the government monitor a company's promises to abide by certain conditions, as was done with Comcast.

China signs US$37B deal to buy 300 Boeing planes
The deal, which was signed in Beijing on November 9, coincided with U.S. president Donald Trump's state visit to China. However, this time it was Boeing who won the $37 billion deal.

Monday, the DOJ advised the companies that it would not sign off on the merger unless they agree to divest the merged company of CNN, which the president regularly condemns as a supposed purveyor of what he calls "fake news". As president, Trump has often blasted CNN for its coverage of him and his administration, disparaging it and its reporters as "fake news".

"I did make a comment as to what I think", Trump also acknowledged. The Wall Street Journal has revealed that Kushner was particularly very annoyed with the cable news agency's "fact-checking" during the presidential campaign.

The newspaper's source in the White House said that this was meant merely as a joke and Kushner did not mean to be taken seriously. "We are prepared to litigate now", Stephenson told CNBC on the sidelines of the New York Times Dealbook conference. "We'll see how it all plays out", Trump said aboard Air Force One, according to the White House's official transcript of the exchange. Those remarks put AT&T and DOJ on a collision course, policy analysts said, which may lead to DOJ suing to block the deal.

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