The court allowed the merger of AT&T and Time Warner
A federal court in Washington has approved a merger between AT & T and Time Warner. This decision is reported by the publication Deadline. The contract will be worth $ 85.4 billion, and all legal formalities will be agreed by June 20, 2018. "We are disappointed with today's court ruling. We continue to believe that the Pay TV market will be less competitive and less competitive. innovative as a result of the proposed merger of AT & T and Time Warner, "said Macan Delrahim, head of the US Department of Justice's antitrust division." We will take a close look at the court's opinion and consider next steps in light of our commitment to maintaining competition for the benefit of American consumers. "We are glad that after a full and fair trial on the merits, the court categorically dismissed the government's claim to block our merger with Time Warner, AT & T said in a statement. “We thank the court for a thorough and timely review of the evidence and express our gratitude to our colleagues in the Ministry of Justice for their selfless representation of the government's interests.” Recall that the proceedings lasted more than a year. During this time, Time Warner has managed to significantly fall in price . The Topic of Article: The court allowed the merger of AT&T and Time Warner. |
