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AT&T closes $85 billion deal for Time Warner

AT&T Inc (T.N), the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc (TWX.N) after U.S. antitrust regulators indicated they would not seek a delay. The deal, first announced in October 2016, was opposed by President Donald Trump. AT&T was sued by the Justice Department, but won approval from a judge to move forward with the deal on Tuesday following a six-week trial. …read more […]

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AT&T closes $85 billion deal for Time Warner

AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after U.S. antitrust regulators indicated they would not seek a delay. The deal, first announced in October 2016, was opposed by President Donald Trump. AT&T was sued by the Justice Department, but won approval from a judge to move forward with the deal on Tuesday following a six-week trial. …read more […]

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The Latest: AT&T, Time Warner complete major merger

AT&T and Time Warner have completed their merger, one of the biggest media deals ever, just two days after a federal judge approved the combination over objections by the Trump Justice Department that it would hurt consumers. The deadline to complete the merger was next week, but the closing came swiftly after the Justice Department signaled it wouldn’t ask the court to postpone the merger while it pondered an appeal of the judge’s decision. On Tuesday, U.S. District Judge Richard Leon ruled against the government’s attempt to block the megamerger on anti-competitive grounds. …read more […]