DOJ won’t appeal AT&T ruling, company to close Time Warner deal as soon as Friday

The Justice Department has agreed to let AT&T complete its purchase of Time Warner, according to joint government filings, clearing the way for a quick conclusion to a deal to be completed as soon as Friday.

A federal judge ruled on Tuesday that AT&T’s $85.4 billion bid for Time Warner was legal, imposing no conditions on the merger. The government had the option to seek a stay, delaying the merger for a designated waiting period, but has foregone that option.

This story is developing. Please check back for updates.

Free America Network Articles

Leave a Comment