Is the AT&T merger with Time Warner being threatened because of a beef with CNN?
A new report from The Financial Times has pinpointed the precise nature of the holdup in the Department of Justice’s pushback on the AT&T-Time Warner deal: CNN, which sources claim the Justice Department is insisting that AT&T sell before it will allow the deal to take place.
Earlier today, news broke that the US Justice Department was asking AT&T to divest some of its assets before it would allow AT&T and Time Warner’s massive $85 billion merger to go through, according to Reuters, but it wasn’t clear exactly which properties it would be requesting the combined company to divest. But according to a source for The Financial Times, “It’s all about CNN,” and that if AT&T agreed to sell the news network the deal would go through.
