>> AT&T on Tuesday will finally learn whether a judge will green light its $85 billion bid for Time-Warner, and the result won't be just about one telecommunications acquisition, but could remake the media world as we know it. The legal fight pits AT&T against the US Department of Justice.
The government is making an anti trust case, saying one company should not control phone, broadband, Direct TV satellite programming.>> Cool, cool.>> And Time Warner's TV, video, and movie content. And the ruling could reverberate beyond this one deal. Reuters antitrust correspondent Diane Bartz.>> This is sort of a decision saying, whether or not the big distributors are gonna be able to own a large amounts of content, until a few years ago they didn't.
So the question of, do you want your pipes, your distributors to be content neutral or do you want them to own content that they may be prioritize, that maybe they are reluctant to share?>> Watching from the wings, Comcast, standing by to try and top Walt Disney's $52 billion offer for 21st Century Fox media assets with its own bid and this isnt just about media.
A loss by the Department of Justice could encourage healthcare companies to pursue their own meta mergers such as the $69 billion combination of CVS and Aetna and Cigna's $52 billion offer for Express Scripts.>> Basically what will happen is you'll fnd out like how chicken the Justice Department is after they have a big loss, if there's another deal that they deem should be stopped, will they have the temerity to go after it or will they not?
>> No matter what the ruling Tuesday, both sides can appeal which means this courtroom drama could end up sparking a sequel.