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AT&T, DoJ Move To Closing Arguments in Battle Over Time Warner
The end of April saw the closing arguments from AT&T and the Justice Department as the highly anticipated end of the five-week antitrust trial over AT&T's Time Warner acquisition drew to an end.
In conclusion, the Justice Department remains firmly against the Dallas-based carrier's $85 billion merger with media giant Time Warner because it believes the deal will hurt pay TV competitors and ultimately raise prices for consumers. In response, AT&T and Time Warner's lead attorney tried to discredit the Justice Department's assumption regarding price hikes for consumers.
The judge presiding over the case said he expects to have a decision on the matter by June 12 at the latest.