The U.S. Justice Department has filed an antitrust lawsuit to block a planned AT&T and Time Warner deal — marking the first time in several decades the government has tried to block a merger between two companies that don’t directly compete with each other.
The AT&T chief says the suit, “defies logic and is unprecedented,” but the Justice Department claims that AT&T’s $85.4 billion bid to buy Time Warner would mean higher fees and fewer choices for customers.