AT & T admits that its merger with the Time Warner group is "uncertain"

The AT & T company admitted today that its merger with the Time Warner group is "uncertain," amid pressure from the Justice Department to sell some assets before authorizing the operation, as published today by The Wall Street Journal.

New York, Nov 8 (EFE) .- The AT & T company admitted today that its merger with the Time Warner group is "uncertain", amid pressure from the Justice Department to sell some assets before authorizing the operation, as published today by The Wall Street Journal.

"I can not comment on these conversations (with the Department of Justice), but because of these conversations, I can say that now the moment of closing the agreement is uncertain, "AT & T CFO John Stephens said at a conference in New York (USA) today.

AT & T announced last year that it had reached an agreement to buy the Time Warner group for about 85,400 million dollars, which includes the CNN and TNT channels and entertainment channels such as HBO, in addition to the Warner Bros. studios.

However, for months the telecommunications company has been negotiating with the Department of Justice to obtain the approval of the authorities and, according to the Journal, "are not close to reaching an agreement."

The Justice Department is pushing for changes in the structure of the agreement, which It would force companies to sell some assets before approving the operation, according to anonymous sources quoted by the same newspaper.

Other local media such as the financial channel CNBC They echoed today a report published by the British newspaper Financial Times, according to which among those assets that should be sold is CNN.

The president of the United States United, Donald Trump, maintains a bitter battle with CNN, which is used to disqualify under the name of "false news", and during the last election campaign came to say that would oppose the merger.

AT & T shares advanced 0.57% on the New York Stock Exchange (NYSE) today, and have depreciated by almost 22% since January, while Time Warner shares fell % in the same market, where they have lost almost 8% of their value since the beginning of the year.