Justice Department appeals AT&T-Time Warner antitrust decision

The Department of Justice officially filed for an appeal of a judge‘s ruling that allowed AT&T Inc. to acquire Time Warner Inc. on Thursday, setting up yet another potential court showdown for the $85.4 billion merger. In one of the largest U.S. antitrust cases in decades, U.S. District Judge Richard Leon despite the government‘s resistance. The feds , and AT&T and Time Warner closed the deal directly after Leon‘s ruling. AT&T stock fell 1.4% in late trading after closing with a 1.1% gain at $32.23, and has declined 17.1% this year as the S&P 500 index has gained 3.8%.