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Shepard Goldfein and Karen Hoffman Lent

The much-anticipated AT&T/Time Warner trial is now underway. In our previous column, we analyzed the legal issues raised by the Department of Justices’s (DOJ) suit to block AT&T/DirecTV’s (AT&T) proposed acquisition of Time Warner. Our discussion focused on the issues raised in the DOJ’s complaint, and the key issues that the D.C. District Court would likely examine in assessing the case. Now, at the approximate midpoint of the trial, we return to consider how a vertical mega-merger from a few years ago—and a familiar face from that case—may provide some clues of what is to come.

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