AT&T CEO confident Time Warner deal on solid ground

(Reuters) – The U.S. Justice Department has only a remote chance of overturning AT&T Inc’s takeover of Time Warner, Chief Executive Randall Stephenson said on Friday, adding that the move could affect the bidding war for Twenty-First Century Fox Inc.

FILE PHOTO: Chief Executive Officer of AT&T Randall Stephenson speaks during a moderated discussion before the Economic Club of New York, in New York City, U.S., November 29, 2017. REUTERS/Brendan McDermid

Shares of AT&T fell 1.7 percent to close at $31.67 on Friday after U.S. officials signaled they would appeal a federal judge’s approval…

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