The US Court of Appeals for the DC Circuit finds that the government has not proved that a merger between video distribution companies would substantially lessen competition or tend to create a monopoly (AT&T / Time Warner)

Justice Department Unable to Overturn Decision Allowing AT&T Merger with Time Warner* The U.S. Court of Appeals in Washington, D.C. last week concluded that the government failed to prove that the combination of AT&T Inc. and Time Warner Inc. would violate Sec. 7 of the Clayton Act. A decision of the federal district court in Washington, D.C. denying the Antitrust Division’s request to enjoin the deal has been affirmed. The appellate court found the government’s objections that the district court misunderstood and misapplied economic principles to be unpersuasive. Further, the district court’s factual findings were not clearly erroneous. The Justice Department said that it would not seek further review. While the appellate court was troubled at times by the district court

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.