AT&T will seek usage of communications between your White Residence and Justice Department about the Time Warner offer if the government sues to block the $85 billion takeover, Bloomberg reports, citing sources.
The two companies declined to touch upon the report. Representatives from both the White House and Department of Justice denied that they had communicated about the deal.
“No one from the White Residence instructed me as to this or any additional transaction within the Antitrust Division’s authority,” Makan Delrahim, assistant legal professional standard for antitrust, said found in a declaration relayed to CNBC by the Light House.
“The President did not consult with the Attorney Basic about this matter, and no White Residence official was authorized to consult with the Department of Justice upon this matter,” Raj Shah, White Residence principal deputy press secretary, said in a separate statement.
In&T announced the takeover last fall, but the deal offers yet to close. Last week, reports alleged that to ensure that the Justice Department to approve the sale, CNN would need to be marketed. Critics have explained the White Residence weighed in against the deal, noting that President Donald Trump offers quite often tweeted his criticism of CNN as a purveyor of artificial news.
The Justice Department has pushed back again on the allegation it could require the sale of CNN. A government official acquainted with the discussions informed CNBC that to ensure that the deal to go through, the Justice Department has suggested AT&T sell its subsidiary DirecTV or Period Warner’s Turner Broadcasting product, which owns CNN.
In&T CEO and Chairman Randall Stephenson as well said in a declaration last week the company has “no objective” of selling CNN.
Read the full Bloomberg story here.
– CNBC’s Jeff Cox and Tae Kim contributed to the report.