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>>> CEO says AT&T ‘prepared to litigate’ over Time Warner acquisition


By Drew FitzGerald and Brent Kendall

Nov 9, 2017


https://www.marketwatch.com/story/ceo-says-att-prepared-to-litigate-over-time-warner-acquisition-2017-11-09



Justice Department reportedly seeks major divesture

AT&T Inc.’s T, +0.65% chief executive said Thursday he is prepared to go to court to defend the telecom giant’s proposed takeover of Time Warner Inc. TWX, +4.08% if settlement discussions with antitrust regulators fail.

“We are prepared to litigate now” if the companies can’t reach a negotiated settlement with the Justice Department, AT&T CEO Randall Stephenson said at an industry conference Thursday.

Stephenson said the company would continue to pursue a settlement but was prepared to litigate if it determined that the conditions of such a deal were worse than the outcome of a courtroom fight.

After a long antitrust review, the Justice Department recently raised the prospect that the telecom giant would have to divest either the Turner television unit or the satellite DirecTV business, said people familiar with the matter.

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