I’m not really surprised. Stupid AT&T management increased the price of DIRECT TV NOW pretty much immediately after the close. Now DOJ can use it as a new evidence to argue again that the merger would be negatively impact the consumers except this time they got a solid proof.
Here is the link to AT&T’s DIRECT TV price increase. techcrunch.com/2018/07/02/att-raises-directv-now-pricing-by-5-per-month/ They’re going to have a tough time defending after pulling this crap.
Here’s another AT&T’s price increase within two weeks after TW closing.
Adding dates:
Jun 15 – Time Warner acquisition closed.
Jun 27 – AT&T more than doubles ‘admin fee’ for every wireless customer.
July 2 – AT&T raises DirecTV Now pricing by $5 per month.
finance.yahoo.com/news/u-justice-department-appeal-approval-202749720.html
WASHINGTON (Reuters) – The U.S. Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s (T.N) $85.4 billion acquisition of Time Warner, raising the prospect barely a month after the deal closed that it could be undone.
AT&T was sued by the Justice Department on antitrust grounds, saying that the deal would harm consumers, but U.S. District Judge Richard Leon last month approved the deal, allowing it to move forward following a lengthy trial. The merger, first announced in October 2016, was also opposed by President Donald Trump.
h/t spicydude