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Federal Judge Approves 85 Billion Dollar AT&T Time Warner MergerAT&T Applauds Court Decision on Time Warner DealIn a ruling today, Judge Richard Leon ruled to approve the $85 Billion merger between AT&T and Time Warner citing the US government failed to prove the merger violates anti-trust law. The Court also denied a request to delay the ruling. David McAtee, AT&T General Counsel was quoted on the company's website as saying: “We are pleased that, after conducting a full and fair trial on the merits, the Court has categorically rejected the government’s lawsuit to block our merger with Time Warner. We thank the Court for its thorough and timely examination of the evidence, and we compliment our colleagues at the Department of Justice on their dedicated representation of the government. We look forward to closing the merger on or before June 20 so we can begin to give consumers video entertainment that is more affordable, mobile, and innovative.” The epic merger - slated to close by June 20, 2018 - will combine Time Warner's extensive content collection with AT&T's extensive network reach. Source: AT&T | |
