U.S. HISPANIC
U.S. District Judge approved the AT&T-Time Warner merger
Maribel Ramos-Weiner| 12 de junio de 2018
AT&T TimeWarner
Almost 20 months after AT&T first announced its deal to acquire Time Warner, the companies could be just six days away from joining forces after U.S. District Judge Richard León approved the AT&T-Time Warner deal with no conditions, according to multiple reports.
“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. We look forward to closing the merger on or before June 20 so we can begin to give consumers video entertainment that is more affordable, mobile, and innovative,” said in a statement David McAtee, AT&T General Counsel.
Now with the path cleared for AT&T and Time Warner to merge, all eyes now turn to Comcast, which is expected to make a formal offer for FOX as early as this Wednesday.
Last month, Comcast confirmed it was preparing an all-cash deal for 21st Century FOX that would be superior to Disney’s offer.
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