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

6 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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The AT&T-Time Warner Merger Is a Done Deal. Now What?

The AT&T-Time Warner Merger Is a Done Deal. Now What?

6 monthes ago   |   By Wired

A judge's decision will likely be seen as good news for other pending and potential mergers but could be a wash at best for consumers.
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AT&T's Time Warner merger kicks off a new era of streaming-video monopolies

AT&T's Time Warner merger kicks off a new era of streaming-video monopolies

6 monthes ago   |   By The Verge

Today, the US District Court for the District of Columbia cleared the way for the world's largest telecom to buy the world's third-largest entertainment company, kicking off a new era in how content gets distributed online.
Pending appeal, AT&T will now be able to purchase Time Warner for $85 billion, bringing subsidiaries like CNN, HBO, and Warner Bros. movie studios along for the ride. Before today, AT&T's holdings were mostly confined to distributing information, either through wireline internet, wireless phone service, or broadcast satellite TV. Now, it will own a major stake in some...
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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

6 monthes ago   |   By Android Central

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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AT&T can buy Time Warner as judge shuts down Department of Justice

6 monthes ago   |   By Pocketnow

The deal was being contested out of concern that AT&T would hike up premium channel packages and retransmission fees in negotiation with competitors.
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Netflix and Alphabet will need to become ISPs, fast

6 monthes ago   |   By TechCrunch

This week completely scrambled the video landscape, and its implications are going to take months to fully understand.
First is the district court's decision to approve the merger of AT&T and Time Warner announced just moments ago. That will create one of the largest content creation and distribution companies in the world when it closes. It is also expected to encourage Comcast to make a similar bid for 21st Century Fox, further consolidating the market. As Chip Pickering, CEO of pro-competition advocacy org INCOMPAS put it, “AT&T is getting the merger no one wants, but everyone will pay...
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AT&T's whopping $85 billion bid for Time Warner gets a legal green light

6 monthes ago   |   By Technology Review


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AT&T's Time Warner Takeover Wins Judge's Approval in Defeat for Justice Dept

6 monthes ago   |   By NY Times

The Trump administration had sued to block the deal, arguing that it would lead to fewer choices and higher prices for consumers.
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AT&T wins court approval to buy Time Warner over Trump opposition

6 monthes ago   |   By Reuters

WASHINGTON - AT&T Inc won approval from a U.S. court on Tuesday to buy Time Warner Inc for $85 billion, dealing a blow to U.S. President Donald Trump's administration which tried to block the deal and likely setting off a wave of corporate mergers.
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Judge Says AT&T Can Buy Time Warner

6 monthes ago   |   By Phone Scoop

AT&T today was given permission to buy Time Warmer with no conditions and no divestitures. The ruling was handed down by U.S. District Judge Richard Leon. The ruling settles the lawsuit filed by the U.S. Department of Justice, which has opposed the deal from the start. The Justice Department believes AT&T will use Time Warner's content as a weapon against consumers, raising prices and limiting competition. AT&T says it needs to acquire Time Warner in order to compete with Verizon Communications. The government will not require AT&T to meet any special conditions to finalize the merger, nor...
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Judge approves AT&T acquisition of Time Warner

6 monthes ago   |   By ZDnet

The ruling is a major blow for the Trump administration, which opposed the deal and sued to block it.
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AT&T & Time Warner Merger Approved With No Conditions

6 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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A judge just approved the $85 billion merger between AT&T and Time Warner - and it will affect the future of media M&A for decades to come

A judge just approved the $85 billion merger between AT&T and Time Warner - and it will affect the future of media M&A for decades to come

6 monthes ago   |   By Business Insider

The $85 billion merger between AT&T and Time Warner was approved Tuesday.
The DOJ lost its antitrust lawsuit to block the vertical merger.
The case was closely followed by an industry amid other M&A deals.
In one of the most anticipated antitrust rulings in decades, federal judge Richard Leon approved the $85 billion merger between AT&T and Time Warner.
The deal, nearly two years in the making, net a massive and potentially legacy-sealing win for AT&T chief executive Randall Stephenson.
The case was closely followed by an industry in the midst of consolidation.
"This decision from Judge...
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AT&T can complete its massive merger with Time Warner, judge rules

AT&T can complete its massive merger with Time Warner, judge rules

6 monthes ago   |   By The Verge

In what could be one of the most consequential antitrust decisions in recent memory, a judge has ruled that AT&T and Time Warner can merge , despite a lawsuit from the Justice Department arguing that the deal would be anti-competitive.
Pending a possible appeal, the decision means the public will soon see a new telecom behemoth looming over the landscape, combining AT&T's paid-TV subscribers with Time Warner's content, which includes HBO, CNN, and Warner Bros. The federal judge ruling on the case did not impose any conditions on the deal as part of the decision, handing AT&T a clear...
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AT&T and Time Warner win legal battle, confirming the merger

AT&T and Time Warner win legal battle, confirming the merger

6 monthes ago   |   By TheBoyGeniusReport

It's been years in the making, but the mammoth merger of AT&T and Time Warner Inc. is officially going to happen. Judge Richard Leon, a George W. Bush appointee, handed down his decision approving the $85 billion merger with no conditions on Tuesday afternoon, following months of oral arguments and deliberations. The Justice Department sued to block the deal from going through in November of 2017, arguing that it would limit competition and raise prices. It's unusual for the Justice Department to argue that a vertical merger of two companies that aren't direct competitors would limit...
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AT&T gets to buy Time Warner in legal win over Justice Department - CNET

6 monthes ago   |   By CNET

The mega-media merger is happening.
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AT&T wins U.S. court approval to buy Time Warner for $85 billion

6 monthes ago   |   By Reuters

WASHINGTON - AT&T Inc 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.
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Judge rules AT&T can purchase Time Warner

6 monthes ago   |   By Engadget

Last November, the Department of Justice slapped an antitrust lawsuit on AT&T's proposed acquisition of Time Warner and the trial resulting from that lawsuit wrapped up last month. The DOJ has maintained that merging the two companies as is would...
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Court approves merger of AT&T and Time Warner

6 monthes ago   |   By TechCrunch

United States District Court Judge Richard J. Leon has ruled in favor of AT&T in the government's antitrust suit to block AT&T's proposed merger with Time Warner .
In October 2016, AT&T announced its plan to acquire Time Warner for $85.4 billion, and a total of $108 billion with debt. The DOJ moved to block the merger in March, arguing that the merger would reduce competition and hurt consumer choice.
The nuances of this case are important , as the implications of this decision reach far beyond the individual businesses of AT&T and Time Warner to the vast media landscape as a whole.
First...
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