An appeals courtroom has upheld the AT&T-Time Warner merger

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AT&T President and CEO Randall Stephenson

  • An appeals courtroom has upheld the AT&T-Time Warner merger in a victory for AT&T.
  • On Tuesday, the courtroom rejected the US Division of Justice’s argument federal choose did not perceive the case.
  • Barring an extra enchantment, the ruling ends a multiyear combat between AT&T and the federal government.

An appeals courtroom has affirmed the AT&T-Time Warner merger.

The ruling got here down Tuesday, greater than eight months after District Choose Richard Leon authorised the $85 billion merger between AT&T and Time Warner in probably the most anticipated antitrust rulings in many years.

The US Division of Justice appealed the choice, arguing that Leon essentially did not perceive its antitrust case. The DOJ initially argued that the merger would harm competitors and permit AT&T to hike costs for Time Warner content material whereas blacking out service throughout affiliate negotiations.

A panel of judges dominated the federal government did not adequately show that Leon erred in his determination, delivering one other loss to Makan Delrahim, who leads the DOJ’s antitrust division.

You possibly can learn the total opinion right here.

The DOJ can enchantment the case to a full panel of appeals-court justices or request the Supreme Courtroom take up the case. Barring additional enchantment, the ruling sealed an antitrust combat greater than two years within the making.

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