US to sue to stop AT&T from buying Time Warner: source

US to sue to stop AT&T from buying Time Warner: source

FILE PHOTO:
An AT&T logo and communication equipment is shown on a building in downtown Los Angeles, California October 29, 2014.
REUTERS/Mike Blake/File Photo
WASHINGTON: The U.S. Department of Justice will file a lawsuit aimed at blocking AT&T Inc's US$85.4 billion acquisition of Time Warner Inc , a source familiar with the matter told Reuters on Monday.AT&T, the No. 2 U.S. wireless carrier, struck a deal in October 2016 to buy Time Warner, which owns the premium channel HBO, movie studio Warner Bros and news channel CNN, in order to compete by bundling mobile service with video entertainment.(Reporting by David Shepardson and Diane Bartz; Editing by Bill Rigby)
Source: Reuters
 Source : http://www.channelnewsasia.com/news/business/us-to-sue-to-stop-at-t-from-buying-time-warner--source-9424338