AT&T plans to request courtroom permission for usage of communications between your White Property and Justice Department about the planned tie-up with Time Warner, if the government sues to block the deal, Bloomberg reported late Monday, citing sources.
Both companies declined to touch upon the report. The White Property and the Justice Department didn’t immediately respond to a CNBC obtain comment.
AT&T announced a great $85 billion takeover of Time Warner previous fall, but the deal features yet to close. Last week, reports alleged that in order for the Justice Department to approve the sale, CNN would have to be marketed. President Donald Trump possesses typically tweeted his criticism of CNN as a purveyor of artificial news.
The Justice Department has pushed again on the allegation it could require the sale of CNN. A government recognized acquainted with the discussions advised CNBC that in order for the deal to go through, the Justice Department possesses suggested AT&T offer its subsidiary DirecTV or Period Warner’s Turner device, which owns CNN.
AT&T CEO and Chairman Randall Stephenson as well said in a statement last week the business has “no objective” of selling CNN.
Read the full Bloomberg story here.
– CNBC’s Jeff Cox and Tae Kim contributed to this report.