AT&T, Time Warner extend deadline to finalize merger

AT&T and Time Warner are extending the termination date of their merger to April 22, 2018 now that the Department of Justice (DOJ) is suing to block their deal.  Despite the DOJ’s move to stop the merger, both companies are hopeful they’ll still be able to complete the $85 billion deal if they beat the agency’s lawsuit. “AT&T intends to vigorously contest the DOJ’s allegations and is confident that the Court will reject the DOJ’s challenge to the merger,” the company wrote in its SEC filing.