Gadgetory

the AT&T Time Warner merger is experiencing an unexpected and potentially major roadblock the US Department of Justice is reportedly demanding the telecom giant sell-off the CNN portion of Time Warner in order for the deal to be approved according to sources close to the talks the Justice Department believes the sale would satisfy antitrust concerns regarding the mega merger other television properties and DirecTV are also part of the demand according to a series of tweets from NPR shares of both Time Warner and AT&T were down slightly as news of the demand leaked and AT&T now says it's uncertain whether the deal can be closed even though it previously hoped the acquisition would be done by the end of 2017 this is an eighty five point four billion dollar deal which is probably why sources are saying AT&T is likely not going to go down without a fight so where did this seemingly unexpected demand come from America the calls are coming from inside the house and by house I mean White House US President Donald Trump has frequently criticized CNN in the past and also pledged to block the deal during his 2016 presidential campaign it remains to be seen how AT&T will officially respond to this Department of Justice divestment demand but we'll be keeping a close eye on this story as it develops what do you think AT&T should do or maybe you think this deal shouldn't go through at all leave your opinions down in the comments and stay tuned to see Netcom for more I'm ashley Esqueda see good humans