In a frankly hilarious turn of events, the US Department of Justice believes it has the grounds to get AT&T’s $85 billion Time Warner takeover reversed, after the company essentially lied about lowering its prices post-merger. It was naive for the court to think AT&T would not initiate immediate price hikes once Time Warner was in its clutches. Despite the US operator quite clearly deceiving the court, the likelihood of reversal is extremely slim, a sentiment AT&T CEO Randall Stephenson was quick to share. “This changes nothing we’ll be doing over the next 30 days or the next 12 months. We’re about executing our plan. We think the likelihood of this thing being reversed and overturned is really remote. It’s…