AT&T promised lower prices after Time Warner merger, but it’s raising them
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Re: AT&T promised lower prices after Time Warner merger, but it’s raising them
#2Whenever a corporation says a merger will result in lower prices, they're usually lying, because mergers increase prices.
https://scholarship.law.berkeley.edu/cgi/viewcontent.cgi?ref...
Re: AT&T promised lower prices after Time Warner merger, but it’s raising them
#3WhoCouldHaveSeenThisComing(tm)
Re: AT&T promised lower prices after Time Warner merger, but it’s raising them
#4Let's be honest the judge was right in that AT&T/Time Warner doesn't offer much against the Facebook/Netflix/Amazon/Apple stack.
Re: AT&T promised lower prices after Time Warner merger, but it’s raising them
#5I'm absolutely shocked.
Re: AT&T promised lower prices after Time Warner merger, but it’s raising them
#6Also, grass is still green, and sky is still blue.
Re: AT&T promised lower prices after Time Warner merger, but it’s raising them
#7Merging feels like a form of collusion.
I have a service. You have a service. Let's combine them to eliminate competition between us and make both of us richer with higher prices.
Re: AT&T promised lower prices after Time Warner merger, but it’s raising them
#8> Just two months ago, AT&T said in a court filing that buying Time Warner would allow it to lower TV prices. The US Department of Justice tried to stop the merger, arguing that it would raise prices for consumers, but a federal judge sided with AT&T. The merger was completed on June 15.
Someone please explain to me why AT&T (or its counsel) isn't in contempt of court or guilty of lying under oath? Did they just use weaselly language in their briefs and testimony that didn't actually say anything of substance?
It seems to me like there's a serious flaw in this process if a company like AT&T can make claims like it did without any obligation to follow through.
Re: AT&T promised lower prices after Time Warner merger, but it’s raising them
#9[deleted]
Re: AT&T promised lower prices after Time Warner merger, but it’s raising them
#10> Just two months ago, AT&T said in a court filing that buying Time Warner would allow it to lower TV prices. The US Department of Justice tried to stop the merger, arguing that it would raise prices for consumers, but a federal judge sided with AT&T. The merger was completed on June 15. Someone please explain to me why AT&T (or its counsel) isn't in contempt of court or guilty of lying under oath? Did they just use…
IANAL, but "would allow us to" is a far cry from "we will do so"; could be as simple as that? They never _committed_ to lowering prices post-merger, just said they _could_...theoretically.