Why the Merger between AT&T and Time Warner Was Delayed

Telecom (telecommunications) behemoth AT&T’s (T) proposed merger deal with media giant Time Warner (TWX) is facing yet another hurdle from the US Department of Justice, which is blocking the deal. Recently, US district judge Richard Leon from the Justice Department announced that the process would take double the time that was initially anticipated. The $85.4 billion AT&T acquisition deal, which was announced in October 2016, hasn’t received approval from the Justice Department.