AT&T completes $85 billion megamerger with Time Warner

AT&T completes $85 billion megamerger with Time Warner

6 years ago
Anonymous $roN-uuAfLt

https://www.cnet.com/news/at-t-completes-85-billion-mega-merger-with-time-warner/

AT&T said Thursday it's completed its $85 billion acquisition of Time Warner, a day earlier than previously expected.

The deal, which was expected to close Friday, cleared its final hurdle Tuesday when a federal judge ruled that the government had failed to prove the combination of the two companies would harm consumers. The Department of Justice sued AT&T in October to block the deal, arguing the combined company would have too much power over competitors, ultimately leading to higher prices and fewer choices for consumers.