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Owner Mark Cuban of the Dallas Mavericks watces as his team takes on the Chicago Bulls at the United Center on January 15, 2016 in Chicago, Illinois.
Dallas Mavericks owner Mark Cuban believes Facebook as well as Alphabet’s Google unit will be “big losers” of the Department of Justice’s decision to sue to block the proposed merger between AT&T as well as Time Warner.
In a tweet Monday, Cuban said, “Their media advertising, content as well as distribution dominance will be a defense at trial. that will could create bigger issues for them.”
Mark Cuban tweet
The Justice Department on Monday sued to block AT&T’s $85 billion merger deal with Time Warner,calling the item an “illegal” combination that will harms consumers as well as stifles innovation, officials said.
AT&T as well as Time Warner announced their merger agreement last year, although the closing has been dragged out by the government’s antitrust review.
A Justice Department official told reporters on Monday that will the merger could raise prices for consumers as well as potentially block creators of media content coming from distributing their product without paying more money. Time Warner owns various networks in addition to CNN, including TBS, TNT as well as Cartoon Network. the item also has lucrative sports broadcasting deals.
—CNBC’s Liz Moyer contributed to This specific report.