Assistant Attorney General Makan Delrahim of the U.S. Justice Department’s Antitrust Division said in a statement Monday:
“This merger would greatly harm American consumers. It would mean higher monthly television bills and fewer of the new, emerging innovative options that consumers are beginning to enjoy. AT&T/DirecTV’s combination with Time Warner is unlawful, and absent an adequate remedy that would fully prevent the harms this merger would cause, the only appropriate action for the Department of Justice is to seek an injunction from a federal judge blocking the entire transaction.”
The Justice Department’s complaint is posted below. Related story.