The AT&T Time Warner merger will be back in court sooner than we expected
When Judge Richard Leon ruled in favor of AT&T's merger with Time Warner last month, he explicitly warned the Department of Justice against seeking a stay of the ruling in order to delay the date the merger would take effect. The DoJ didn't seek a stay, but it has decided to appeal the judge's decision, and do so quickly. The federal appeals court on Thursday approved the DoJ's request for an expedited schedule for the appeal, with legal briefs due by October 18th and oral arguments to come "as soon as practicable."
The schedule is significantly accelerated compared to a usual appeal, which is in the best interests of both parties.With the merger approved by the judge, AT&T has already taken steps to integrate Time Warner into its business. It has been renamed WarnerMedia, and AT&T has rolled out a $15-a-month streaming service that heavily uses some of the content owned by WarnerMedia. The longer an appeal takes, the harder it will be for the two companies to reverse any steps they've taken if an appeal is successful.
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The AT&T Time Warner merger will be back in court sooner than we expected originally appeared on BGR.com on Sat, 21 Jul 2018 at 12:01:47 EDT. Please see our terms for use of feeds.