Profile image
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Judge Approves AT&T’s $85.4B Acquisition of Time Warner

Wednesday, June 13, 2018 22:25
% of readers think this story is Fact. Add your two cents.

(From UPI)

A federal judge on Tuesday approved a merger between AT&T and Time Warner, rejecting the U.S. government’s argument that it would restrict pay-TV competition.

U.S. District Judge Richard Leon issued his ruling in Washington, D.C., more than six months after the Department of Justice sued to block the merger. Leon said federal officials failed to prove their argument that AT&T’s $85.4 billion acquisition of Time Warner would lead to fewer choices for consumers and prompt higher TV and Internet prices.

“Vertical mergers like this one are routinely approved because they benefit consumers without removing any competitor from the market. We see no legitimate reason for our merger to be treated differently,” David R. McAtee II, AT&T’s senior executive vice president and general counsel, said in a statement after the Justice Department’s lawsuit.

AT&T owns DirecTV and its acquisition of Time Warner would make it the biggest pay TV company in the country. Time Warner owns CNN, HBO, TBS and TNT.

Click here for article.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.