- AT&T offered to buy Time Warner in an $85 billion dollar deal last year.
- Shares of both companies are falling after reports the DOJ is weighing an antitrust lawsuit over the merger.
Trading of Time Warner stock was halted Thursday morning after a Wall Street Journal report that the Department of Justice is considering filing an antitrust lawsuit over AT&Ts potential acquisition of the company.
Shares of Time Warner fell more than 6% from their $98.28 opening price, settling at $93.60.
AT&T, on the other hand, initially jumped over 2%, before falling back a half-percent below its opening price.
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The $85 billion deal was announced last October, and was considered likely to be approved. A merger would a
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