The deal was first announced in October 2016, but the Justice Department attempted to block it on the grounds that it could raise costs for consumers by limiting competition.
Many in the business world are viewing the decision as a sign that similar takeovers may be approved, such as Comcast’s or Walt Disney’s bid to take over 21st Century Fox’s media assets.
“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. 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,” AT&T stated.
More articles on business:
Apple nears $1 trillion valuation
McDonald’s plans layoffs to help reel in $500M
Meet the Chinese banking startup that just raised $14B in its latest round of funding
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
