Judge Overseeing AT&T, Time Warner Merger Trial Hears Document Dispute

Judge Overseeing AT&T, Time Warner Merger Trial Hears Document Dispute
A screen shows the current price of Time Warner shares, above the floor of the New York Stock Exchange, shortly after the opening bell in New York, U.S. on Nov. 15, 2017. Reuters/Lucas Jackson/File Photo
|Updated:

WASHINGTON–AT&T, owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner, their lawyer Daniel Petrocelli said in a pre-trial hearing on Friday.

The Justice Department sued in November to stop AT&T, the No. 2 U.S. wireless company, from buying Time Warner for $85 billion because of concerns that it could raise prices for rivals and pay-TV subscribers as well as hamper the development of online video. Trial is set for March 19.