avatar
admin
 Pinned March 4, 2019

<> Embed

@  Email

Report

Repin Zoom
Uploaded by user
Appeals court upholds AT&T’s purchase of Time Warner
<> Embed @  Email Report

Appeals court upholds AT&T’s purchase of Time Warner

Jon Fingas, @jonfingas

February 26, 2019
 
Appeals court upholds AT and T's purchase of Time Warner | DeviceDaily.com
 
 
AT&T doesn’t have to worry that its acquisition of Time Warner might be undone. A federal appeals court has upheld the merger in the face of a Justice Department challenge from July. The explanation behind the decision isn’t available as of this writing, but the judge who approved the deal didn’t apply conditions. The DOJ was concerned AT&T might raise prices and reduce competition in pay TV by charging providers more for Time Warner (now WarnerMedia) programming.

It’s not certain if the DOJ intends to take the appeal further.

Not much is likely to change given that AT&T closed the deal back in June. If anything, it’ll give AT&T greater confidence when pursuing strategies that include a planned streaming service. Barring surprises, it’s unlikely to face more legal challenges to its corporate union.

Engadget RSS Feed

(5)


Top