The M&A Battle Is On
The decision AT&T has been waiting for is just weeks away. The telecom giant in 2016 announced its intention to buy entertainment powerhouse Time Warner for $85 billion, but the deal has faced scrutiny ever since. The U.S Department of Justice put forward a lawsuit to block the deal in November, and the trial is slated to begin Monday.
The trial marks the first major U.S. media merger to go to court in decades. The outcome will set a precedent for the rest of the telecom industry in terms of what will be allowed from an antitrust enforcement perspective, and what will be denied. AT&T, for its part, has pushed hard against the Justice Department's claims that the deal will remove competition from the industry and has said the Justice Department is being "politically motivated" when it initiated the lawsuit.
With a slew of arguments and theories coming from both sides, here are five things you need to know ahead of the start of the trial.