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AT&T’s acquisition of Time Warner has hit a serious snag. Negotiations between the companies and the Department of Justice have turned so contentious that now both sides are arguing publicly over what the dispute is even about.

According to three sources with knowledge of the matter, the Department of Justice’s antitrust chief met with AT&T on Monday and offered a choice: If you want us to approve your purchase of Time Warner, either sell off CNN’s parent unit, Turner, or sell DirecTV. Otherwise, we’ll see you in court.

 The question is what led to that. According to a DOJ source, the companies made an offer to put CNN up for sale in order to get the deal done. Another DOJ source said “the parties offered to divest CNN and the DOJ Antitrust Division flatly rejected it.”

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Click link below for article and video:

http://money.cnn.com/2017/11/08/media/att-time-warner/index.html

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