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DOJ floats possibility of divestiture remedy for AT&T-Time Warner deal

AT&T’s $85.4 billion acquisition of Time Warner should be blocked outright, the Department of Justice told a federal court in closing arguments on Monday, but if the court decides that the deal can be salvaged, any remedy for competition issues should be structural, such as a requirement that AT&T divest DirecTV or networks associated with Time Warner’s Turner Broadcasting.

Defense attorney Daniel Petrocelli, in his closing statements, launched a scathing attack on the government’s economic analysis and questioned the legitimacy of the DOJ’s antitrust claims, saying...

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