US sues to block AT&T-Time Warner deal

The U.S. Department of Justice is fighting to block the AT&T-Time Warner merger. AT&T's acquisition of Time Warner would reduce competition and cause consumer prices to spike, the Department said. "It would mean higher monthly television bills and fewer of the new, emerging innovative options that consumers are beginning to enjoy." Justice Department The telecom company announced its $85 billion bid to take over Time Warner last year.