There’s a likely reason AT&T paid Donald Trump‘s lawyer Michael Cohen $600,000: it wanted its deal for Time Warner to pass regulatory approval.
In hindsight, AT&T didn’t spend its money well. Not only is Cohen under federal investigation for his business practices, but the Trump administration’s Department of Justice sued to block the $85 billion acquisition.
“There is no other way to say it – AT&T hiring Michael Cohen as a political consultant was a big mistake,” the company said in a statement Friday.
AT&T’s future — and the future of AT&T’s peers and competitors — depends on whether or not the megadeal goes through. AT&T challenged the government’s decision in court, and a verdict in the trial, which has now ended, will be announced June 12.
Watch the video above to find out what’s at stake as the acquisition hangs in the balance.
