US: AT&T retains Obama vet in March trial

US: AT&T retains Obama vet in March trial

AT&T has retained a powerful tool to fight for their new Time Warner deal. Christine Varney, former antitrust division head has joined the army of lawyers that will handle the case. Varney is now a partner at Cravath Swaine and Moore. Varney’s role flipped from the government official who signed off on the Comcast-NBCUniversal settlement […]

US: AT&T extends the deadline for its Time Warner merger to April

US: AT&T extends the deadline for its Time Warner merger to April

AT&T is giving itself a few more months to close its US$85 billion acquisition of Time Warner. The Dallas telecommunications giant extended the deadline for the merger to April 22, according to a filing with the Securities and Exchange Commission. It’s the second time the company has extended the deadline, which was originally set for […]

US: AT&T Hires former Trump lawyer to defend itself in DoJ suit

US: AT&T Hires former Trump lawyer to defend itself in DoJ suit

The telecom giant AT&T has hired notable media lawyer Daniel Petrocelli, a one-time defender of President Donald Trump, to represent the company, should the Department of Justice (DOJ) file a lawsuit attempting to block its acquisition of Time Warner. Petrocelli will act as the lead trial counsel for both AT&T and Time Warner should the […]

US: Dems request hearings on Trump’s role in AT&T-Time Warner

US: Dems request hearings on Trump’s role in AT&T-Time Warner

On Monday two House Democrats called for hearings on AT&T’s $85.4 billion takeover of Time Warner Inc., expressing concern over a “troubling pattern of potential political interference by President Trump and his administration.” reported Bloomberg. John Conyers of Michigan who is the top-ranking Democrat on the House Judiciary Committee, and Representative David Cicilline of Rhode […]

US: AT&T CEO says he won’t sell CNN as antitrust tension rises

US: AT&T CEO says he won’t sell CNN as antitrust tension rises

AT&T won’t sell CNN and never proposed such a deal, CEO Randall Stephenson said as a battle escalated with antitrust officials over the US$85.4 billion acquisition of the network’s owner, Time Warner. The unexpected fight is exploding over CNN, which has been a regular target of President Donald Trump’s Twitter attacks against what he calls […]

UK: Saudi Prince sells his stake in 21st Century Fox

UK: Saudi Prince sells his stake in 21st Century Fox

Saudi Prince alWaleed bin Talal, a key ally of Rupert Murdoch, sold his stake in the 21st Century Fox – leaving the Murdoch family vulnerable to a rebellion from the company’s shareholders. One of the richest man in the world, Prince alWaleed owned 6%  of Fox through investment firm Kingdom Holding at one point. A shareholder […]

Mexico: AT&T-Time Warner get conditioned approval

Mexico: AT&T-Time Warner get conditioned approval

AT&T has cleared the latest hurdle in its move to acquire Time Warner after Mexican regulators gave the deal a conditioned greenlight. The Federal Telecommunications Institute (IFT) and the Federal Economic Competition Commission (COFECE) approved the pending deal on August 22, according to a statement from AT&T. IFT announced in a statement that the approval […]

US: AT&T, Time Warner merger review Reaches Advanced Stages

US: AT&T, Time Warner merger review Reaches Advanced Stages

Talks between AT&T, Time Warner and US antitrust officials on potential terms attached to the US$85 billion mega deal, which began late July, have reached an advanced stage, with the operator’s lawyers discussing merger conditions with the Department of Justice (DOJ), The Wall Street Journal (WSJ) reported. The progress comes despite the fact US President […]

US: Officials in Time-Warner merger discussions with AT&T

US: Officials in Time-Warner merger discussions with AT&T

Sources familiar with the situation have reported that US antitrust officials have started talking with both Time Warner and AT&T to discuss possible merger conditions. These talks indicate that the months-long review of how the merger would change the media industry has nearly come to an end. Though US regulators often block horizontal mergers, vertical […]

US: Senator queries Delrahim on WH role in AT&T

US: Senator queries Delrahim on WH role in AT&T

On Wednesday, a member of the Judiciary Committee, senator Richard Blumenthal (D-CT), said that he asked President Donald Trump’s top antitrust pick to meet to discuss any contact he has had with the White House regarding AT&T’s plan to merge with Time Warner. Blumenthal told reporters on Capitol Hill that he requested the meeting with […]