After six weeks of litigation, a federal judge has approved AT&T’s acquisition of Time Warner, in a deal that could reshape the multi-media industry. Judge Richard Leon ruled that the government had not provided enough evidence to prove that the deal between AT&T and Time Warner violated any antitrust laws.
According to Leon, the Justice Department was unable to demonstrate that AT&T’s acquisition of Time Warner would lead to fewer choices for consumers or higher prices for television and Internet services.
“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 thank the Court for its thorough and timely examination of the evidence, and we compliment our colleagues at the Department of Justice on their dedicated representation of the government”, said David McAtee, AT&T General Counsel in a press release….finish the article on iDrop News.
