DOJ considers blocking AT&T deal for Time Warner: Report

Mergers and Acquisitions Reuters

An AT&T sign is seen outside a branch in Rolling Meadows, Illinois, U.S., October 24, 2016. REUTERS/Jim Young (Copyright Reuters 2017)

Nov 2 (Reuters) - The U.S. Department of Justice is considering seeking to block AT&T Inc's merger with Time Warner Inc as it continues talks with the two companies, the Wall StreetJournal reported on Thursday.

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The financial newspaper also said the DOJ might still consider approving the deal with certain conditions but that the two sides were not close to an agreement. http://on.wsj.com/2gW1l9O

Shares of Time Warner were down 4.2 percent at $94.2, while AT&T's shares inched up.

The U.S. wireless carrier is in the process of buying Time Warner for $85.4 billion in a deal that is expected to close by the end of the year.

Neither company had any immediate comment.

(Reporting by Aishwarya Venugopal in Bengaluru; editing by Patrick Graham)

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