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Seven days: 24 November 2017

Seven days: 24 November 2017

Mega-merger blocked

Valued at around $85.4bn (£64.3bn), AT&T’s potential takeover of Time Warner will dwarf the deal Twenty First Century Fox hopes to complete with Sky (SKY). It is therefore unsurprising that the US Department of Justice (DoJ) has sought to block the deal, arguing it would concentrate too much media control in one company. Although the two are not competitors, the regulator said the video distribution infrastructure owned by AT&T, combined with Time Warner’s TV content, could give a combined group power to raise prices for US TV viewers and slow innovation. However, some critics have pointed to President Trump’s dislike of Time Warner-owned CNN as a factor in the DoJ’s lawsuit.

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