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Business groups ask court to not undo AT&T-Time Warner deal, Reuters says.

The U.S. Chamber of Commerce and other business groups asked an appeals court to maintain AT&T's acquisition of Time Warner, despite efforts by the U.S. Department of Justice to undo the deal, Reuters reports. The chamber, backed by the National Association of Manufacturers, Business Roundtable and others, contended that stopping the merger would "undermine myriad transactions that generally benefit consumers," the report says. The business groups argued that companies had long assumed that if they acquired a supplier or distributor that the transaction would be considered positive for the consumer and would be allowed, the report says. [Reference Link]:[]

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Publication:The Fly
Date:Sep 27, 2018
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