Judge OKs AT&T merger with Time Warner
AT&T was cleared by a judge to take over Time Warner in an $85 billion deal the mobile-phone giant says will fuel its evolution into a media powerhouse that can go head-to-head with Netflix and Amazon.com. U.S. District Judge Richard Leon on Tuesday rejected the Justice Department's request for an order blocking the Time Warner acquisition, saying the government failed to make its case that the combination would lead to higher prices for pay-TV subscribers.
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