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Brian Schatz

Will it be AT&T vs the government in $85B Time Warner deal?

AT&T's pending acquisition of Time Warner, an $85 billion media deal that could shake up how Americans watch TV, is being held up by the government. That's raising red flags for some who worry that the White House is trying to put pressure on CNN, the news network owned by Time Warner.

The Justice Department told AT&T that it wanted the telecom company to sell its DirecTV satellite unit or Time Warner's Turner, which houses CNN, TBS and TNT, to get the deal approved, said a person familiar with the situation, who was not authorized to speak publicly.

According to a Justice Department official, AT&T has offered to divest CNN. The official, who was not authorized...

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