*By Alisha Haridasani* The Justice Department will appeal the $85 billion AT&T-Time Warner mega-merger a month after a federal judge gave it his blessing. That's according to court papers reportedly filed on Thursday, which challenge Judge Richard Leon's ruling that the government did not sufficiently prove a deal would hurt competition in the industry. At the time, Leon also tried to dissuade the DoJ from filing an appeal. “A stay pending appeal would be a manifestly unjust outcome in this case,” wrote Judge Richard Leon. “I do not believe that the government has a likelihood of success on the merits of an appeal.” Since receiving the green light, AT&T completed its acquisition of Time Warner and created a new company called WarnerMedia, which started offering skinny bundles for consumers leveraging on content from CNN, TBS, and TNT. But while the companies promised the deal would not raise prices for consumers, AT&T earlier this month hiked the monthly rate for most of its DirecTV Now video streaming plans. Amazon Studios' former head of strategy Matthew Ball [pointed out](https://twitter.com/ballmatthew/status/1017507315266785280) that may have been a bad move. AT&T shares fell by more than 1 percent on the news in after hours trading.

Share:
More In Business
Cboe Launches 1-Day Volatility Index
Cheddar News' Courtney Sturgeon reports live from the options trading floor to break down the busy earnings week ahead for big tech, and the launch of Cboe's 1-Day Volatility Index (VIX1D).
Stretching Your Dollar: How to Decide Whether to Hire a Financial Planner
Haley Sacks, founder and CEO of Finance Is Cool, joined Cheddar News to provide tips on when hiring a financial planner is needed. "They will help you figure out exactly how to maximize your personal situation," she said. "They're going to think about your long-term plans, consider your goals and incorporate all of that into the structure that they create for you."
Load More