WASHINGTON (Reuters) - A U.S. appeals court approved wireless carrier AT&T Inc’s deal to buy media company Time Warner on Tuesday, a defeat for the Trump administration which had argued the $85.4 billion merger would mean higher prices for consumers.
AT&T’s second major court victory against the Justice Department sets the stage for the No. 2 wireless carrier to integrate its WarnerMedia business as well as its new Xandr advertising unit.
The deal had been a target of criticism from U.S. President Donald Trump, who opposed it because he saw it helping Time Warner’s CNN unit, which he has accused of broadcasting “fake news.”
The three-judge panel on the U.S. Court of Appeals for the District of Columbia ruled unanimously in favor of the deal. The decision could end a 15-month effort by the Justice Department to block the deal.
All hail the new media god AT&T Time Warner
All hail the new media god AT&T Time Warner
https://www.reuters.com/article/us-time ... SKCN1QF1XB
- DukeofNuke
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“Time (Warner) marches on!” Now that’s progress!
user, could ya lend me some pearls to clutch, plz? Mine are reduced to dust after reading this.
user, could ya lend me some pearls to clutch, plz? Mine are reduced to dust after reading this.
"You're only given a little spark of madness. You mustn't lose it." - Robin Williams
https://kottke.org/18/02/a-list-of-25-p ... rry-barlow
https://kottke.org/18/02/a-list-of-25-p ... rry-barlow
It does have the redeeming feature that it was absolutely ill-considered and the parties I’ll-matched so that it was an abject failure. As some had the prescience to say beforehand - while also noting the insane stupidity of the move.
"You're only given a little spark of madness. You mustn't lose it." - Robin Williams
https://kottke.org/18/02/a-list-of-25-p ... rry-barlow
https://kottke.org/18/02/a-list-of-25-p ... rry-barlow