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  Cartelists Complicate Billions in Time Warner Billions by AT & T | Bit Updates
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Cartelists Complicate Billions in Time Warner Billions by AT & T

Thursday, November 9th, 2017 | bitcoin updates

          
    
    
    The Time Warner Center in New York, the headquarters of the media group.
                
                
                (Photo: dpa, Jason Szenes)
                
            
             Actually, the deal of Time Warner and AT & T should go by the end of the year, but now negotiations are underway with the US Department of Justice. A big point of contention is the station CNN.
            

        

        The billionaire takeover of the US media group Time Warner by the mobile radio giant AT & T appears to meet greater resistance of the competition guardian of the US Department of Justice. "We are in ongoing negotiations," admitted AT & T Chief Financial Officer John Stephens on Wednesday in New York.
Timing of the schedule He could not comment on the content of the discussions, but the timing of the deal was "now uncertain," Stephens continued. Actually, the acquisition should be in the towel until the end of 2017. The uncertainty fueled heightened nervousness on the stock market – Time Warner's shares lost almost seven percent.
The Department of Justice wants to approve the acquisition only on the condition that Time Warner separates from its news flagship CNN, reported the "Financial Times", citing three insiders. US President Donald Trump has the sender, who often reports critical about him, for a long time on the Kieker.
No sales plans for CNN "It's all about CNN," the newspaper quoted one of its sources. Other media later reported that the ministry was not just CNN, but Time Warner's entire cable business. According to this, the group should either separate from Turner Broadcasting or DirecTV. AT & T and Time Warner had announced the $ 85 billion (€ 73 billion) acquisition in October 2016.
AT & T boss Randall Stephenson commented in a statement: "During this process, I never offered to sell CNN and I do not intend to do so." So far, AT & T has never spoken to the talks with the Ministry of Justice, but now it is important to clarify matters.

(Cfu)

      

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