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Judge Rules AT&T Can Acquire Time Warner

A federal pass judgement on stated Tuesday that AT&T’s $85.four billion acquire of Time Warner is prison, clearing the path for a deal that gives the pay-TV provider ownership of cable channels such as HBO and CNN as well as film studio Warner Bros. From a document: U.S. District Judge Richard Leon introduced his determination in a packed court docket, ruling that antitrust enforcers on the Justice Department had now not confirmed their case in opposition to the merger. The determination, in probably the most largest antitrust circumstances in a long time, is a milestone victory for AT&T because it seems to be to reposition itself in a hastily evolving media panorama. Its deal for Time Warner, valued at kind of $80 billion, has been pending since October 2016. The acquisition way AT&T would be the country’s best pay-TV distributor, thru its possession of DirecTV, in addition to the landlord of one of the vital countryâ(TM)s maximum sought-after channels: Time Warner’s Turner networks — together with CNN, TBS and TNT — in addition to HBO, the most well liked U.S. top class community.

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