DOJ Asking for Divestures Prior to Approving Merger; We Expect AT&T Fight Before Selling Assets
Reuters and CNBC reported on Wednesday that the Department of Justice, or DOJ, wants AT&T to divest either Turner Networks or DirecTV before approving the merger with Time Warner. These come on the heels of a report last week from The Wall Street Journal that the DOJ would sue to block the merger. AT&T has stated that the company has no intention of selling CNN (one of the networks under Turner) and has not offered such a sale to the DOJ as part of the negotiations about the deal. While ...AT&T is a holding company. Through its subsidiaries, the company is a provider of telecommunications, media and technology services. The company's Communications segment provides wireless and wireline telecom, video and broadband services. The company's WarnerMedia segment includes media and entertainment businesses that principally develop, produce and distribute feature films, television content, and other content globally; and operate digital media properties. The company's Latin America segment provides entertainment services in Latin America and wireless services in Mexico. The company's XANDR segment relies on using data from its customer relationships, to develop digital and video advertising that is relevant to consumers.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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