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AT&T gets approval to buy Time Warner for $85 billion; deal tentatively closes June 20th

7 monthes ago   |   By Phone Arena

AT&T has just increased its standing as a media giant after U.S. District Judge Richard Leon's ruling today that paves the way for the company to complete its purchase of Time Warner for $85 billion. The transaction will close on June 20th and makes AT&T the new owner of CNN, HBO, TNT and TBS. It also gives the company ownership of the iconic Time Warner movie studio and a large inventory of film titles including the Batman and Harry Potter series.
The deal was first announced in October 2016, and immediately then candidate Donald Trump said that if he won ...
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AT&T granted approval to acquire Time Warner for $85 billion

AT&T granted approval to acquire Time Warner for $85 billion

7 monthes ago   |   By iMore

The decision comes after a six-week-long trial.
For the past six weeks, AT&T has been in court over concern of its want to purchase Time Warner for a total of $85 billion. On Tuesday, June 12, Judge Richard Leon of the United States District Court in Washington D.C. officially approved the deal.
Leon says that the acquisition doesn't violate any antitrust laws, and in response to the government asking Leon to put down his own ruling to potentially kill the purchase, Leon noted that the quest was "manifestly unjust."
AT&T was originally sued by the U.S. Justice Department for trying to buy...
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Judge Approves AT&T and Time Warner Merger

Judge Approves AT&T and Time Warner Merger

7 monthes ago   |   By Mac Rumors

A planned merger between AT&T and Time Warner can move forward, a U.S. District Court Judge ruled this afternoon, reports CNBC .
AT&T's $85.4 billion purchase of Time Warner has been on hold since November , when the United States Justice Department filed a lawsuit to stop the merger, based on the argument that it would result in higher bills and fewer options for consumers.
According to the court's ruling, the merger between the two companies is legal, and no conditions were imposed on its approval.
In a statement , AT&T said that it is pleased with the merger and plans to move forward...
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U.S. judge rules AT&T can acquire Time Warner for $85 billion

U.S. judge rules AT&T can acquire Time Warner for $85 billion

7 monthes ago   |   By VentureBeat

AT&T won approval from a U.S. court on Tuesday to buy Time Warner Inc for $85 billion, allowing AT&T to compete with internet companies that dominate digital advertising and providing new sources of revenue. The planned deal is seen as a turning point for a media industry that has been upended by companies like Netflix Inc...
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Judge says AT&T can move forward with its $85B merger with Time Warner

Judge says AT&T can move forward with its $85B merger with Time Warner

7 monthes ago   |   By 9to5Mac

A federal juge ruled on Tuesday that AT&T can proceed with its $85.4 billion acquisition of Time Warner. Judge Richard Leon ruled the deal is legal and he did not impose any conditions on the merger.
Today's ruling comes as part of the antitrust lawsuit levied by the Justice Department last year.
more...
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Judge says AT&T can move forward with its $85B merger with Time Warner

Judge says AT&T can move forward with its $85B merger with Time Warner

7 monthes ago   |   By 9to5Google

A federal juge ruled on Tuesday that AT&T can proceed with its $85.4 billion acquisition of Time Warner. Judge Richard Leon ruled the deal is legal and he did not impose any conditions on the merger.
Today's ruling comes as part of the antitrust lawsuit levied by the Justice Department last year.
more...
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AT&T & Time Warner Merger Approved With No Conditions

AT&T & Time Warner Merger Approved With No Conditions

7 monthes ago   |   By Android Headlines

AT&T's long battle to acquire Time Warner has just gotten closer to becoming a closed deal. Today, Judge, Richard Leon ruled that AT&T could purchase Time Warner. This comes after a pretty long court battle - and one that was delayed a few times - and nearly 20 months after AT&T announced its plans to purchase Time Warner. The Justice Department filed this lawsuit back in November to block the merger, arguing that AT&T could raise prices for content that is also licensed out to its competitors. Since Time Warner does own some properties including CNN and HBO, to name a few. But the Judge...
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Trump administration fails to block AT&T/Time Warner merger

Trump administration fails to block AT&T/Time Warner merger

7 monthes ago   |   By Ars Technica

Enlarge
AT&T has won a court ruling that will allow it to buy Time Warner Inc., Bloomberg reported today .
We're still waiting to get a copy of the full ruling, but Bloomberg TV reported that US District Judge Richard Leon ruled entirely in AT&T's favor. The Department of Justice had sued AT&T to block the merger. The judge's ruling will reportedly let AT&T complete the purchase without spinning off any subsidiaries.
The government can appeal the ruling, but Leon reportedly said that he would reject any government motion for a stay that would further delay the deal. The case was held in...
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