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Tuesday, February 20, 2024

U.S. Justice Department will not appeal AT&T, Time Warner merger after court loss

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Gigi Sohn, who worked at the Federal Communications Commission during the Obama administration, said the ruling showed a need to reform antitrust laws so the government can stop problematic deals.

“AT&T is favoring both Time Warner and DirecTV content over its broadband services through its DirecTV Now and Watch services,” she said. “Consumers are the losers.”

AT&T stock closed up 0.3 percent at $31.22 on Tuesday.

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