UK Markets close in 7 hrs 39 mins

AT&T stock dips after feds appeal Time Warner antitrust ruling

Jeremy C. Owens

The Department of Justice officially filed for an appeal of a judge's ruling that allowed AT&T Inc. (t) to acquire Time Warner Inc. (twx) on Thursday, setting up yet another potential court showdown for the $85.4 billion merger. In one of the largest U.S. antitrust cases in decades, U.S. District Judge Richard Leon ruled last month that the merger could go on despite the government's resistance. The feds did not seek a stay that would have prevented the merger from taking place, and AT&T and Time Warner closed the deal directly after Leon's ruling.