Government Move to Block AT&T Merger Bodes Ill for BigTech

November 22, 2017

The Justice Department filed a lawsuit Monday to block AT&T's planned $85 billion acquisition of Time Warner, in a move that could signal tougher scrutiny for tech companies. The lawsuit breaks with the recent DOJ tradition of approving mergers between companies that don't directly compete, such as AT&T and Time Warner. The government followed that traditional thinking in allowing Comcast to acquire NBCUniversal in 2011. AT&T is the nation’s largest…