AT&T CEO says open to litigation on Time Warner deal

AT&T CEO says open to litigation on Time Warner deal

AT&T CEO says open to litigation on Time Warner deal

The Wall Street Journal has reported that Trump's son-in-law and a senior aide had told Time Warner's executive vice president of corporate marketing Gary Ginsberg to dump 20 percent of CNN employees over their alleged inaccurate analysis of the 2016 presidential election.

President Donald Trump tried to distance himself from the Justice Department's review of the proposed merger of AT&T and Time Warner, after reports surfaced this week that government lawyers were requesting that major assets be sold off if the transaction is to go through. "That was made by a man who's actually a very respected person - a very, very respected person". The Justice Department, which is reviewing the $85.4 billion deal, recently presented the options to the companies, the source added, confirming reports from USA media and the Financial Times.

"I do feel that you should have as many news outlets as you can, especially since so many of them are fake", Trump told reporters en route to Hanoi. AT&T CEO Randall Stephenson issued a statement that he "never offered to sell CNN" and has "no intention of doing so".

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The official the president referred to was DOJ anti-trust chief Makan Delrahim, a Trump appointee who has threatened to block the deal in court unless AT&T sells off either Turner Broadcasting or its DirecTV service-the latter option impossible as it would undermine the entire basis of the merger. And likewise I have never offered to sell CNN. Those remarks put AT&T and DOJ on a collision course, policy analysts said, which may lead to DOJ suing to block the deal.

Delrahim said he had not had any contact with the White House or the attorney general on the matter, speaking at an event at the USC Gould School of Law in Los Angeles later in the day. "But I do believe you should have as many news outlets as you can".

Representatives of Twenty-First Century Fox, AT&T and Time Warner, CNN's parent, declined comment.

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