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AT&T Merger Fight Said to Head Toward Thanksgiving Showdown
The U.S. Justice Department is encouraging AT&T Inc. to address antitrust officials' concerns about the $85.4 billion acquisition of Time Warner Inc. before the Nov. 23 Thanksgiving holiday or face a lawsuit to block the deal, people familiar with the matter said. The Justice Department wants to keep AT&T, the biggest U.S. satellite-TV provider, from gaining Time Warner cable networks like TNT and CNN and then withholding their programming from competitors such as Comcast Corp., the people said.