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AT&T, Time Warner extend merger deadline until June

The Justice Department sued in November to stop the $85 billion deal, and a trial is to begin on March 19

Reuters  |  Washington 

AT&T Inc and media and entertainment group Time Warner Inc, which are seeking to merge despite US Justice Department opposition, extended the termination date for their deal to June 21, AT&T said in a filing on Friday. The Justice Department sued in November to stop the $85 billion deal, and a trial is to begin on March 19. Judge Richard Leon said during a hearing at the US District Court for the District of Columbia in early December that he would likely not have a decision by the deadline in the companies' merger agreement, but would rule in late April or May. Under a ...

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First Published: Fri, December 22 2017. 21:55 IST
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