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- The Trump administration had opposed the merger, which promises to join one of the country's biggest telecom providers with a media powerhouse that owns the Warner Bros. movie studio and DC Comics as well as the cable-TV networks CNN, HBO, TBS and TNT. The judge's 200-page opinion permits the merger to go forward with no conditions.
www.cbsnews.com/news/att-time-warner-merger-approved-without-conditions-judge-rules-today-time-warner-stock-price-rises-in-after-hours-trading/AT&T - Time Warner merger approved without conditions - CBS News
Feb 27, 2019 · A federal appeals court has blessed AT&T's takeover of Time Warner, defeating the Trump administration by affirming that the $81 billion merger won't harm consumers or competition in the...
- 26 sec
Feb 26, 2019 · WASHINGTON — A federal appeals court on Tuesday cleared AT&T’s takeover of Time Warner, rejecting the Trump administration’s claims that the $81 billion deal will harm consumers and reduce...
- Decision Expected to Spur More Mergers
- Time Warner Stock Price Jumps in After-Hours Trading
- Consumers vs. Companies
Beyond the impact on the two companies, the merger is expectedto spur frantic dealmaking in the rapidly consolidating media sector. "There are a number of deals in the pipeline that will now proceed with renewed vigor," said Fiona Schaeffer, an antitrust attorney at law firm Milbank Tweed Hadley & McCloy. A disappointed Assistant Attorney General M...
Time Warner (TWX) shares were up nearly 5 percent in after-hours trading that followed news of the decision. Shares of AT&T (T) slid by just under 3 percent. Other media stocks that saw big price moves after the judge's ruling was announced included 21 Century Fox (FOX), whose shares were up nearly 5 percent on speculation it could be the subject o...
Free-market groups are touting the decision as a win for consumers. "[E]xpect to see more experimentation with vertical integration by traditional content providers," Daniel Lyons, visiting fellow at the American Enterprise Institute, said in an email. "Today's decision will encourage creative new combinations of assets as traditional media compani...
- CBS News
- June 13, 2018
- 2 min
Feb 26, 2019 · WASHINGTON (AP) — A federal appeals court on Tuesday cleared AT&T’s takeover of Time Warner, rejecting the Trump administration’s claims that the $81 billion deal will harm consumers and reduce...
Jun 14, 2018 · On Tuesday, a federal judge approved a proposed merger in which telecommunications giant AT&T will purchase and subsume entertainment conglomerate Time Warner Inc., rejecting in the process...
- Nick Hastings
Jun 12, 2018 · After much anticipation, U.S. District Judge Richard Leon handed down his decision on the proposed major AT&T-Time Warner merger on Tuesday: It's a go. After the Department of Justice (DOJ) sued for the first time in 40 years to block a so-called "vertical" merger, Judge Leon give the merger a thumbs up without adding conditions.
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Jun 12, 2018 · The fate of AT&T's $85 billion bid to acquire Time Warner is set to be revealed Tuesday afternoon, when a federal judge announces his decision in a case that pits Big Media against the Justice...
- 2 min
- Irina Ivanova
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