The government's notice of appeal, filed in US District Court in Washington, did not disclose on what grounds it intends to challenge the approval given by US District Judge Richard Leon. "While the losing party in litigation always has the right to appeal if it wishes, we are surprised that the DOJ has chosen to do so under these circumstances", AT&T General Counsel David McAtee said in a statement provided to CNBC.
Leon also wrote that if the DOJ appealed and won, the Circuit Court would have no qualms about unwinding the merger. Opposing the merger forced the federal antitrust regulators to argue against standing legal doctrine that favors mergers among companies that don't compete directly with each other. The closing came swiftly after the Justice Department signaled it wouldn't ask the court to postpone the merger while it pondered an appeal of the judge's decision. A spokesman for the Antitrust Division said that they had no comment. It renamed the New York-based media company WarnerMedia. "AT&T and Time Warner concluded that each had a problem the other could solve", he wrote. Trump has publicly feuded with Time Warner's CNN, calling it "failing" and a purveyor of "fake news". The transition to streaming services, away from traditional cable, is one that's costing pay TV companies millions of subscribers and billions in revenue every year. AT&T has committed to certain conditions under which it will run Time Warner's Turner Broadcasting, which includes CNN.
Trump had previously denounced the AT&T deal, vowing that his administration would block it because it would concentrate corporate power unacceptably.
Stay tuned at Heroic Hollywood for more updates on the merger between AT&T and Time Warner.