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Recode Daily: Trump’s DOJ uses AT&T’s own argument to block the $85 billion merger with Time Warner

Plus, Charlie Rose is dropped by CBS and PBS after sexual harassment allegations, FanDuel’s CEO steps down to chase an eSports dream, and the first family of the $15 billion global pleasure-products industry.

AT&T Chairman and CEO Randall Stephenson (center) and retained counsel from O'Melveny & Myers listen to AT&T senior executive vice president David R McAtee II at a news conference in Time Warner headquarters addressing the latest developments
AT&T Chairman and CEO Randall Stephenson (center), flanked by retained counsel from O'Melveny & Myers, listens at a news conference at Time Warner headquarters addressing the latest developments in the AT&T and Time Warner merger on November 20, 2017, in New York City.
Amir Levy / Getty Images

President Trump’s Department of Justice is suing AT&T to block its $85 billion Time Warner acquisition. The DOJ says the deal would spell “higher prices for consumers and less innovation for millions of Americans.” AT&T pledged to fight the Justice Department in a court case that could span months or more. The agency’s argument against the deal sounds quite similar to what AT&T and Time Warner have reasoned in support of the merger. [Tony Romm / Recode]

Eight women have accused longtime television host Charlie Rose of sexual harassment, including lewd phone calls, nudity and groping; CBS suspended Rose’s morning program and PBS will no longer distribute his long-running eponymous interview show. The New York Times suspended star White House correspondent Glenn Thrush after several women claimed that he sexually harassed them. And BuzzFeed reports that Rep. John Conyers, D-Mich., settled a harassment complaint with a former staffer in 2005. Sadly, there are many more of these stories.

FanDuel co-founder and CEO Nigel Eccles is leaving the fantasy sports company to start an eSports company; he’s also stepping down from the board, where he was chairman. Replacing him as CEO is Matt King, who previously served as FanDuel’s CFO. A proposed merger between FanDuel and rival DraftKings fell through in July. [Kurt Wagner / Recode]

Uber and Volvo are taking their self-driving relationship to the next level. The carmaker has agreed to sell 24,000 XC90 SUVs to the ride-hail giant between 2019 and 2021. Click around our interactive graphic to explore the complicated web of self-driving and ride-sharing relationships, from Didi and Apple to Alphabet and Lyft.[Johana Bhuiyan / Recode]

Tencent is the first Chinese tech firm valued at more than $500 billion. The 19-year-old company’s share price has more than doubled over the past year; its close rival Alibaba is Asia’s second-highest-valued firm, at $474 billion. [Jon Russell / TechCrunch]

There are now seven services selling TV on the internet, which provides more choice than ever, but makes choosing the right one hard. Recode has built a tool to help you find the channels you want online. [Rani Molla / Recode]

Recode presents ...

Do you have questions about how teens are using social media — or what they think of new technologies such as VR, AR or the new iPhone? Kara Swisher’s son Louie Swisher and the Verge’s Casey Newton will be returning to Too Embarrassed to Ask on an upcoming episode. Send your questions for Louie and Casey to, or tweet them with the hashtag #TooEmbarrassed.

This is cool

Meet the first family of the $15 billion global pleasure-products industry.

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