Time Warner and AT&T fall following report the government could sue to block their merger

  • Bloomberg News reported Monday afternoon that the US Department of Justice was prepared to sue to block AT&T‘s proposed buyout of Time Warner, citing “a person familiar with the matter.”
  • Time Warner stock fell about 1.4% after the news.
  • Shares of AT&T fell from earlier highs but were stil up 0.52% in trading Monday

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source
Markets Insider