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Time Warner Stock Drops on Report Justice Department Weighing Legal Challenge of AT&T Deal

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The Hollywood Reporter reports: “Time Warner shares fell more than 5 percent early on Thursday on a report that the Department of Justice was considering an antitrust lawsuit against the planned AT&T acquisition of the entertainment conglomerate. Stock in Time Warner was trading during late morning trading down $3.63, or by 3.7 percent, at $94.76. AT&T’s stock was down slightly, by 15 cents to $33.40. AT&T reached an agreement to acquire Time Warner for $85.4 billion late last year.”

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