Trump Says Decision on AT&T-Time Warner Deal Not His

  • United States
  • 11/13/2017
  • Bloomberg Law

• President Donald Trump waded into questions over AT&T Inc.’s proposed merger with Time Warner Inc., saying the Justice Department may try to block the deal but that it’s not his decision to do so. “It will probably end up being maybe litigation, maybe not,” Trump said. (Bloomberg)

• AT&T vowed to fight to keep the deal intact after the Justice Department suggested that the companies figure out how to get the benefits they’re seeking from the deal without being able to own CNN, TBS and other Turner channels. Senators reportedly want to know if Trump’s well-known hostility to CNN is behind the Department’s push-back on the deal. (New York Times DealBook)

• If time is money, big M&A deals are getting a lot costlier in the European Union. Bayer AG’s bid for Monsanto Co. is just one of a growing number of deals stalled by regulators demanding key information they say companies failed to supply on time. Companies also face astronomical costs linked to EU requests for hundreds of thousands of internal documents such as corporate emails, according to lawyers. (Bloomberg)

• Pressure ratched up on Uber Technologies Inc. in one of its most mature markets, after the ride-hailing giant lost its appeal of a U.K. regulator’s ruling that it must pay overtime and give vacation time to its U.K. drivers. The company can make two more appeals of the ruling, which could have a big effect on other so-called gig economy companies in the country. (Bloomberg) What the ruling means for so-called gig economy companies built on use of independent workers. (The Recorder)

• U.S. Labor Secretary Alex Acosta said Congress, not the Labor Department, should resolve work-classification questions related to the gig economy. (Bloomberg Law)

• Skadden Arps Slate Meagher & Flom LLC is facing new questions about a report it wrote five years ago for the Ukraine’s then-pro-Russian government, such as how much it actually earned for the work. The new questions were spurred by charges filed against Trump campaign manager Paul Manafort in the context of special counsel Robert Mueller’s investigation into Russian meddling in the presidential election. (Bloomberg via BLB)

• The U.S. Supreme Court will kick off its “December” argument session Nov. 27—and it promises to be a doozy. The latest SCOTUS Week Ahead blog. (BLB)

https://biglawbusiness.com/wake-up-call-trump-says-decision-on-att-time-warner-deal-not-his/