Analysts believe AT&T has a strong case in court against the Department of Justice over its deal to acquire Time Warner.
The Justice Department sued on Monday to block AT&T’s merger with Time Warner, calling it an “illegal” combination that harms consumers and stifles innovation, DOJ officials said.
“After reviewing DOJ’s lawsuit against AT&T-Time Warner and watching AT&T’s press conference, we still see a settlement as possible and, failing that, we believe AT&T would prevail in court,” Cowen’s research team wrote in a note to clients Tuesday.
