AT&T-Time Warner Extend Breakup Date

AT&T and Time Warner have agreed to move the breakup date for their proposed merger until Jun. 21, 2018.  Each would have been able to terminate the deal if it had not closed by Apr. 22, 2018, but the Justice Department suit to block the deal does not begin until March 15, which would have been cutting it too close. AT&T and Time Warner informed the Securities and Exchange Commission of the change Dec. 21.