The Justice Department will attempt to block a vertical merger for the first time in at least 40 years.
The DOJ filed a lawsuit Monday in the U.S. District Court for the District of Columbia against AT&T to block its merger with Time Warner, ending more than a year of review and weeks of speculation as to whether antitrust officials would step in. Media reports earlier this month suggested DOJ officials tried to negotiate with AT&T, and requested that AT&T sell either DirecTV or Turner Broadcasting, the portion of its business that owns CNN, in order for the merger to go through.
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