AT&T Time Warner merger without conditions
A US Federal judge has ruled that AT&T’s US$85 billion acquisition of Time Warner is legal, without placing any conditions on the merger of the telecom and media giants. U.S. District Court Judge Richard Leon further said, he would deny a stay on the deal if requested by the Justice Dept., meaning that even if DOJ appeals, the companies are free to close. That did not impose conditions on the merger's approval and secondly, he also urged the government not to seek a stay when issuing his decision in a closed-door room with reporters. 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," McAtee said in a statement. "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.".... Read More
