Printer Friendly

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]:[https://www.reuters.com/article/us-time-warner-m-a-at-t/business-groups-ask-u-s-court-to-not-undo-att-merger-with-time-warner-idUSKCN1M72HZ?feedType=RSS&feedName=businessNews]

COPYRIGHT 2018 The Fly
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Fly
Date:Sep 27, 2018
Words:113
Previous Article:Canada industrial product price index preview.
Next Article:HBO to stop broadcasting professional boxing, NY Times reports.
Topics:

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |