Justice Department Appeals Court Ruling Allowing AT&T-Time Warner Merger

WASHINGTON—Escalating the stakes in one of the era’s highest-profile antitrust cases, the Justice Department appealed a ruling that allowed AT&T Inc. to acquire Time Warner Inc., setting the stage for a second round of legal proceedings. The department initiated the appeal Thursday with a two-page notice in federal court, filing it a month after U.S.…

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Hedge Funds Are Poised to Be Winners in AT&T-Time Warner Deal

AT&T’s victory in its legal battle to buy Time Warner Inc. likely handed a win to merger arbitragers, particularly some of Wall Street’s biggest hedge funds, who had bet the deal would go through. The deal has attracted interest from big firms. Hedge funds such as Highfields Capital, Baupost Group, Sachem Head Capital Management, Paulson…

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Justice Department Urges Alternative Remedies in AT&T-Time Warner Merger

WASHINGTON—In a twist during closing arguments of a six-week trial, the Justice Department urged the judge in the AT&T Inc. merger case to consider “alternative” remedies if he decides not to block the planned acquisition of Time Warner Inc. outright. The move Monday came after months of legal maneuvering in the biggest antitrust case of…

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