The Justice Department announced Thursday it will not seek a stay in the federal AT&T-Time Warner ruling.
DOJ insiders insist that the department is still considering about appealing the decision.
Justice Department insider says they are still considering whether they should appeal Judge Leon’s decision on AT&T/Time Warner.
— Claire Atkinson (@claireatki) June 14, 2018
Judge Richard J. Leon ruled on Tuesday that there will be no conditions to the $84.5 billion merger.
“Ultimately, I conclude that the Government has failed to meet its burden to establish that the proposed ‘transaction is likely to lessen competition substantially,” he wrote.
The merger will give AT&T ownership over CNN, TBS, TNT, and HBO and make it the nation’s top pay-TV distributor, since it also owns DirectTV.
