Enlarge (credit: Mike Mozart)
ATT is fighting back against the Trump administration’s attempt to block its proposed purchase of Time Warner Inc. One week after the Department of Justice (DOJ) sued to block the deal, ATT filed its first answer to the lawsuit yesterday.
ATT denies the DOJ’s allegations that a combined ATT and Time Warner would raise prices on consumers, attempt to impede competition from online video distributors, and raise prices on rivals that pay for access to Time Warner programming.
Instead, ATT says that the merger will benefit consumers without harming rivals.
The merger “presents absolutely no risk of harm to competition or consumers,” ATT wrote.
The DOJ has also failed to establish that ATT and Time Warner “exercise market power with respect to any relevant market,” the filing said.
ATT is just one of many video distributors these days because of the rapid growth of online video services, ATT said.
Read 12 remaining paragraphs