BREAKING NEWS: Judge clears AT&T-Time Warner merger opposed by Trump

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2018-06-12 20:49:15

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A federal judge approved the $85 billion merger between AT&T and Time Warner on Tuesday, delivering a major blow to the Justice Department's effort to block the mega-deal opposed by President Donald Trump.

Judge Richard Leon rejected the DOJ's argument that allowing the two companies to combine could lead to higher television bills for consumers and stifle media competitors. AT&T and Time Warner argued the merger would save consumers money and yield more innovative products.

Trump pledged to stop the merger during the 2016 presidential campaign, and he frequently attacks Time Warner-owned CNN over its coverage of his administration.


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