Time Warner falls after AT&T CFO says deal timing ‘now uncertain’

While speaking at an investor conference hosted by Wells Fargo, AT&T (T) CFO John Joseph Stephens said the timing of his company’s acquisition of Time Warner (TWX) is “now uncertain.” AT&T previously expected the deal to close by the end of 2017. Shares of Time Warner are down 3%, or $2.96, to $91.70 in premarket trading. Stephens added that AT&T’s talks with the Justice Department are ongoing. He noted that no vertical merger, like AT&T’s acquisition of Time Warner, has been blocked in 40 years.