DOJ Slams AT&T 'Revisionist' Defense of Time Warner Deal

The Justice Department has minced no words in its reply to AT&T's defense of its purchase of Time Warner, telling a federal court that the company's brief was "little more than a revisionist 58-page summary of the district court’s opinion." Antitrust chief Makan Delrahim said AT&T's brief "never resolves the district court’s erroneous rejection of the economics of bargaining and the principle of corporate-wide profit maximization, which are the basis of our appeal.” DOJ sasy the court's main error was "that the merger will not increase AT&T’s bargaining leverage."