According to the former CEO of Verizon wireless, Denny Strigl, the AT&T-Time Warner deal is most likely get DOJ’s approval. Denny Strigl said this on Fox Business, this Thursday. According to him, the AT&T’s proposed acquisition of Time Warner has a high chance of getting approval from the U.S. government, thus allowing the deal to advance.
The DOJ (Department of Justice) apparently notified AT&T that it would hinder the $85 billion AT&T-Time warner acquisition deal unless AT&T doesn’t sell off CNN or DirecTV, a network often criticized by the president Donald Trump.
Strigl, who have experience of more than 100 acquisitions with the DOJ, said it’s unbelievable that the sale of CNN can be a condition for the approval of the deal from the president.
On the other hand, the CEO and chairman of AT&T, Randall Stephenson, in a statement said that the company has ‘no intention’ of selling off CNN.
Moreover, the time will tell what is going to happen, but if we believe Denny Strigl, then the AT&T and Time Warner deal may get approval from the DOJ.