On Tuesday, June 12, 2018, a federal judge approved a merger between AT&T and Time Warner, a deal worth $85.4 billion! This deal has been on hold since October of 2016, because the government has put it on hold for an investigation to assess how it would affect the economy. This merger is creating a communications/entertainment company like never before, so it will probably reshape what the media and technology industries look like. This decision is expected to launch several more corporate takeovers.
“If there ever were an antitrust case where the parties had a dramatically different assessment of the current state of the relevant market and a fundamentally different vision of its future development, this is the one,” Judge Leon said in his Memorandum Opinion.
Source: NY Times
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