As it turns out, The DOJ isn't ready to let a federal judge's decision to kill its challenge to the AT&T-Time Warner merger go unchallenged. A month after the judge's ruling was handed down - and after the judge effectively warned the federal government not to appeal - the DOJ has done just that, reviving the federal government's fight to block the $85 billion 'vertical integration' deal.
BREAKING: Justice Department to appeal AT&T and Time Warner merger approval - court filing pic.twitter.com/arTpmjDNdi— Reuters Business (@ReutersBiz) July 12, 2018
The news sent shares of AT&T lower just under 1% in the after-market:
Investors will now be looking out for more information regarding what aspect of the judge's ruling the DOJ will choose to challenge.