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The three-judge panel on the US Court of Appeals for the District of Columbia ruled unanimously in favour of the deal.
The companies have argued anti-trust concerns are unjustified because they are not in the industrial sectors. AT&T has promised to let the Time Warner properties, renamed Warner Media, operate independently until 2019.
The case had been closely watched as setting a benchmark for other big corporate mergers, especially in the media and communications sector.
A US federal judge today cleared the mega merger between AT&T and Time Warner in an antitrust case with potential far-reaching implications.
Trump's remarks came a day after his Justice Department filed suit to block the proposed USD 85 billion deal linking AT&T's internet and pay TV operations with the content from Time Warner.
The deal announced more than a year ago would merge vast content of Time Warner units like premium cable channel HBO and news channel CNN with the massive internet and pay TV delivery networks of AT&T.
The Vermont independent and former contender for the Democratic presidential nomination warned in a yesterday letter to President Barack Obama's Justice Department that the merger would lead to less "competition and diversity of content" and would "provide consumers less while charging them more."
In what could be one of the largest global consolidation deals in the telecom-media space, AT&T Inc. has reached an agreement to buy Time Warner Inc. for USD 85.4 billion. But when a deal this size is struck, one question that pops up is about the people – bankers, other financial advisors and lawyers - who helped shape it up.
AT&T has unveiled a mega-deal for Time Warner that would transform the telecom giant into a media-entertainment powerhouse positioned for a sector facing major technology changes.
AT&T Inc has reached an agreement in principle to buy Time Warner Inc for about USD85 billion, sources said on Friday, paving the way for what would be the biggest deal in the world this year, giving the telecom company control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets.
Time Warner announced today it was taking a 10 percent stake in Hulu, a streaming video provider that is ramping up as a competitor to sector leader Netflix.
The discussions, according to the sources, however, didn't proceed beyond the preliminary stages and also didn't include Apple CEO Tim Cook or his Time Warner counterpart Jeff Bewkes.
Top executives of Comcast, Time Warner, Discovery, Sony, ESPN, News Corp, 21st Century Fox, Disney Industries, ABC television group were invited for the interaction with Modi.
CBS Corp said it has reached an agreement with Time Warner Cable Inc to end a month-long blackout of its stations in New York, Los Angeles and Dallas.
The blackout that began on Friday, when Time Warner Cable dropped the No. 1-rated US broadcast network, has affected an estimated 3.5 million customers, including golf fans who missed Tiger Woods' victory in the Bridgestone Invitational on Sunday.
CBS, News Corp and Viacom have reached agreements with Intel on Certain details over how their content would be distributed on the service the chipmaker plans to begin later this year, one person familiar with the situation said.
Time Warner Inc and China Media Capital, China's leading investment fund focused on media and entertainment, has announced the formation of a strategic investment partnership.
One of the most highly acclaimed superhero game series everthe Batman Arkham seriesis getting a sequel. According to VG247, plans for a new
Big media companies' stocks have their swagger back.
Warner Bros. studio on Friday faced the prospect of seeing blockbuster "The Dark Knight Rises" sink at box offices after a tragic movie theater shooting in Denver, even as the film got off to a strong start across the United States and Canada.
Facebook has, over the course of its existence gone on to become one of the most popular platforms there is to help scores of people connect ...
Time Inc's stable of 20 magazines, including Sports Illustrated and People, are now available for subscription on Apple's Newsstand, the company said on Thursday.
US-based Turner Broadcasting System Inc, a Time Warner company, has decided to shut its Hindi general entertainment channel 'Imagine TV' in India as poor ratings hampered any further investment
Hollywood is making a major bet this coming holiday season that consumers will buy movies, instead of renting, and view them on the go. Facing ...
