Raw Story—AT&T Inc (T.N) won approval from a U.S. court on Tuesday to buy Time Warner Inc (TWX.N) for $85 billion, allowing AT&T to compete with internet companies that dominate digital advertising and providing new sources of revenue. The planned deal is seen as a turning point for a media industry... The post AT&T wins US court approval to buy Time Warner for $85 billion in huge rejection of Trump Justice Department appeared first on Raw Story.
US Court Gives AT&T Approval to Buy Time Warner for $85 Billion. A US court today gave AT&T approval to go ahead and buy Time Warner without conditions. The ruling arrives after the Justice Department filed a lawsuit in November 2017 to try and stop the deal, which is valued at $85 billion. The District Court Judge Richard Leon determined that the US government “failed to meet … Continued