Appeal of AT&T/Time Warner decision may signal difficult road ahead for M&A in limbo

摘要

The US governments last-ditch effort to block AT&T (NYSE:T) acquisition of Time Warner may have a chilling effect on other deals in the pipeline, as the regulatory landscape becomes more clouded with uncertainty. Just one month after a federal judge cleared the way the telcos US$84.5bn mega-acquisition of Time Warner, the Justice Department filed its notice of appeal, adding another chapter to a saga that began in October 2016.