AT&T and Time Warner had decided to close the deal on June 21, 2018, and the companies can now do so unimpeded.
Nearly two years after announcing a proposal to merge with Time Warner, AT&T has finally been given the go-ahead by a Federal judge to complete the $85.4 billion deal that will see the two conglomerates become one.
Today saw U.S. District Judge Richard Leon hand down his decision after a six-week trial to determine if the merger would pose antitrust issues.
The ruling counts as a big loss for the Justice Department’s Antitrust Division, which argued that the merger would end up costing consumers in the form of higher carriage fees for the new mega company’s channels like TBS, TNT and CNN.