Federal Judge Approves AT&T and Time Warner Merger for $85.4 Billion
Deal closes two days later.
This was a big week for AT&T (NYSE: T) Time Warner. They got the OK from a federal judge to proceed with their massive merger, a $85.4 billion deal, says The New York Times. The Justice Department had tried to block the merger, but Judge Richard J. Leon of U.S. District Court in Washington said the Justice Department had not proven its case that the merger would create unfair competitive advantages for the combined company.
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