Deals and IPOs

Watch: AT&T addresses Justice Department lawsuit to block its merger with Time Warner

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Time Warner and AT&T are holding a press conference to discuss the Justice Department's lawsuit to block the proposed merger between the media conglomerate and the telecommunications giant.

AT&T has been preparing for litigation over the deal.

"Vertical mergers like this one are routinely approved because they benefit
consumers without removing any competitor from the market," AT&T general counsel David McAtee said in a statement earlier Monday. "We see no legitimate reason for our merger to be treated differently."

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