Trump administration fails to block AT&T/Time Warner merger
In Summary : AT&T has won a court ruling allowing it to complete its purchase of Time Warner Inc. The ruling (PDF) by US District ...
https://updatesinfosec.blogspot.com/2018/06/trump-administration-fails-to-block-at.html
In Summary :
AT&T has won a court ruling allowing it to complete its purchase of Time Warner Inc.
The ruling (PDF) by US District Judge Richard Leon went entirely in AT&T's favor. The Department of Justice had sued AT&T to block the merger, but the judge's ruling, pending a possible appeal, would let AT&T complete the purchase without spinning off any subsidiaries.
The government can appeal the decision, but Judge Leon reportedly said that he would reject any government motion for a stay that would further delay the deal. The case was held in US District Court for the District of Columbia.
The government failed to prove that the merger would substantially lessen competition or that AT&T would use its ownership of premium content to harm rival TV providers, Leon wrote.
"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," AT&T General Counsel David McAtee said.
AT&T said it intends to close the merger by June 20. It's not yet clear whether the government will appeal. "The Justice Department's antitrust chief, Makan Delrahim, said he was disappointed and will consider the government's next steps," Bloomberg reported. [...]
kindly refer the following link as follow up :
https://arstechnica.com/?p=1330425
AT&T has won a court ruling allowing it to complete its purchase of Time Warner Inc.
The ruling (PDF) by US District Judge Richard Leon went entirely in AT&T's favor. The Department of Justice had sued AT&T to block the merger, but the judge's ruling, pending a possible appeal, would let AT&T complete the purchase without spinning off any subsidiaries.
The government can appeal the decision, but Judge Leon reportedly said that he would reject any government motion for a stay that would further delay the deal. The case was held in US District Court for the District of Columbia.
The government failed to prove that the merger would substantially lessen competition or that AT&T would use its ownership of premium content to harm rival TV providers, Leon wrote.
"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," AT&T General Counsel David McAtee said.
AT&T said it intends to close the merger by June 20. It's not yet clear whether the government will appeal. "The Justice Department's antitrust chief, Makan Delrahim, said he was disappointed and will consider the government's next steps," Bloomberg reported. [...]
kindly refer the following link as follow up :
https://arstechnica.com/?p=1330425
