Department of Justice

US court ruling opens way for studios to own cinema chains

A court judgement in the US has opened the way for movie studios to own cinema chains for the first time since the 1940s, leading to fears that the sector could become dominated by the likes of Amazon, squeezing out smaller independent studios from theatrical distribution. The US District Court Southern District of New York […]

US DOJ outlines reasoning behind AT&T-Time Warner appeal

The US District Court’s greenlighting of AT&T’s merger with Time Warner merger was only possible because of Judge Richard Leon’s “erroneously ignoring fundamental principles of economics and common sense”, according to the Department of Justice. Outlining the reasons for its appeal against the judge’s rejection of its case that the merger should not go through […]

Department of Justice chances of success ‘remote’, says AT&T chief

The possibility that the US Department of Justice will succeed in overturning a court decision that enabled AT&T to go ahead with its acquisition of Time Warner is “remote”, according to AT&T chief executive Randall Stephenson. Stephenson told CNBC that the DOJ’s intervention “changes nothing” in relation to the company’s plans to integrate Time Warner […]

US Department of Justice to appeal AT&T Time-Warner ruling

The US Department of Justice (DOJ) is to appeal the court decision approving the merger of AT&T and Time Warner in a move that surprised the US telecom giant. “The Court’s decision could hardly have been more thorough, fact-based, and well-reasoned.  While the losing party in litigation always has the right to appeal if it […]

US Department of Justice clears Disney bid for Fox assets

The US Department of Justice (DoJ) has approved Disney’s bid for Fox assets, so long as it divests 21st Century Fox’s 22 regional sports networks. A lawsuit was filed by the DoJ’s Antitrust Division to block the acquisition if the mouse house did not divest Fox’s sports assets. Approval was granted once Disney agreed to […]

Discovery gets DoJ approval for Scripps deal

Discovery Communications’ US$14.6 billion (€12.4 billion) acquisition of fellow US-based cable group, Scripps Networks Interactive, has been cleared by the US Department of Justice (DoJ). Commenting on the DoJ’s decision to close its investigation, Discovery president and CEO David Zaslav said it was a “significant regulatory milestone” and an “integral step toward closing our transaction”. […]

US government blocks AT&T’s Time Warner takeover

The US Department for Justice (DoJ) has blocked AT&T’s acquisition of Time Warner and filed a lawsuit to prevent it. The justice department has said that the merger, valued at US$85 billion, will reduce competition and raise prices for consumers. Makan Delrahim, the assistant attorney general for the Department for Justice’s antitrust division, said: “It would […]

AT&T chief pours cold water on CNN sale

AT&T CEO Randall Stephenson has hit out at suggestions that his company could sell CNN and poured cold water on reports that the US Department of Justice was calling for a disposal of the news channel as the price for giving a green light to AT&T’s acquisition of Time Warner. Stephenson, attending the New York […]

Arris takeover of Pace probed by US Justice Department

Arris and Pace have each received a second request for information from the US Department of Justice (DOJ) about Arris’ US$2.1 billion (€1.9 billion) takeover of its set-top box rival. The additional information request is part of the regulatory process under the Hart-Scott-Rodino Antitrust Improvements Act – which requires any investor seeking to acquire a […]