Judge clears AT&T purchase of Time Warner, creating entertainment colossus
by Jim Puzzanghera and Meg James, Los Angeles Times
Jun 12, 2018
3 minutes
WASHINGTON - A federal judge Tuesday cleared the way for AT&T Inc.'s $85.4-billion purchase of Time Warner Inc., creating an entertainment colossus that promises to reshape the media business.
U.S. District Judge Richard Leon's ruling in the biggest antitrust case of the century is expected to pave the way for more mega-mergers and was a stinging defeat to the Trump administration.
Before a packed courtroom, Leon made it clear that the government had failed to prove any of its arguments against the merger during the six-week trial.
"The parties have waged an epic battle,"
You’re reading a preview, subscribe to read more.
Start your free 30 days