Bremer Trust National Association's holdings in Time Warner were worth $302,000 as of its most recent SEC filing.
AT&T was apparently expecting the deal to go through without complications, saying previously that it expected the acquisition to close by the end of this year.
The first curveball had come on November 2, in the form of a Wall Street Journal story reporting that the D.O.J. was "laying the groundwork for a potential lawsuit challenging" the merger, which would marry a telecom titan that owns more than 100 million smartphones, and the Midtown Manhattan-centered parent entity of media and entertainment stalwarts including CNN, HBO and Warner Bros., whose premium content offerings are ripe for its suitor's mobile devices.
The proposed divestiture of Turner is just one of multiple demands being made by regulators, who are assessing antitrust concerns surrounding the AT&T-Time Warner deal, a separate report from the Financial Times said. Two people familiar with the matter said AT&T had volunteered the idea - and that the Justice Department's anti-trust division had flatly rejected the proposal.
AT&T is said to be reluctant to sell assets, especially Turner, which represents a significant portion of Time Warner's profits.
Antonio Conte suggests omission of Chelsea stalwart could be long-term
The coach has to make the best decision for the team and the best decision for the team was to play with Christensen", Conte said. That's according to bookies Betway who reckon the Brazilian will be packing his bags.
Selling off the cable news network is one of the demands being made by the USA antitrust authority before it signs off on a deal that could reshape the landscape of both the media and telecom industries.
With speculation heavy about causes for a slowdown in AT&T's (NYSE:T) $85B buyout of Time Warner (NYSE:TWX), the Financial Times reports that US regulators are demanding a sale of news network CNN to approve the deal.
"Until now, we've never commented on our discussions with the DOJ", Randall Stephenson, AT&T's chairman and CEO, said in a statement. CNN is a major force in US news, a very profitable company, and a favorite target of President Donald Trump.
As a candidate, President Trump publicly vowed to block the deal.
It's true that Trump criticized the merger during the presidential campaign on grounds separate from his assessment of CNN, arguing that it would create "too much concentration of power in the hands of too few". Shares of Time Warner closed down 6.5 percent at $88.54.
EU's Vestager seeking details on Apple's recent tax set-up
The company said in a statement: "The debate over Apple's taxes is not about how much we owe but where we owe it". Leaked documents have revealed how Apple went shopping around for a tax haven in 2014.
Is the Justice Dept.'s move a pure political play?
But AT&T chief Stephenson said the combined company would "give customers unmatched choice, quality, value and experiences that will define the future of media and communications". Obama-era regulators in 2011 approved a similar media merger, cable company Comcast's purchase of NBCUniversal, after Comcast agreed to a slew of business requirements.
"You have to wonder" about the behind-the-scenes machinations "given that Trump has a vendetta against CNN and has openly talked about using these types of deals to punish them", Trevor Timm, the executive director of the Freedom of the Press Foundation, told CNN last week.
AT&T has long noted that "vertical mergers" - when one company buys another that isn't a direct competitor - are typically approved.
On last Sunday's "Reliable Sources" on CNN, when asked whether Trump has had any involvement, counselor to the president Kellyanne Conway said "we're not going to interfere with that here".
OnePlus to announce OnePlus 5T on November 16
In a posting on Chinese social networking platform Weibo , OnePlus Pete Lau said $600 would be "enough" for the OnePlus 5T . Today, however, the company finally made the launch schedule official via its Twitter account and on the OnePlus website .
Separately, Mr. Trump has criticized the proposed merger from a populist perspective.