Slow your roll, AT&T-Time Warner: Your $85 billion merger may not close by the end of 2017 after all.
“All approvals have been received, but for the [Department of Justice],” AT&T CFO John Stephens said Wednesday morning of his company’s pending acquisition. “We are in active discussions with the DOJ. Those are continuing on. I can’t comment on those discussions, but with those discussions, I can now say that the timing of the closing of the deal is now uncertain.”
“With regard to the transaction, everything continues as we’ve expressed in the past,” he continued during a Wednesday investor conference in New York.