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Can AT&T own Time Warner Inc and decide future of media? Decision awaited

Judge Richard Leon of the U.S. District Court for the District of Columbia is expected to rule at 4 p.m. ET (2000 GMT) on whether the $85 billion deal may go forward more than 1-1/2 years after it was

Reuters  |  Washington 

AT&T Inc, which owns DirecTV, awaits a court ruling on Tuesday that will determine if it can buy Time Warner Inc, a decision that could prompt a cascade of pay TV companies buying television and movie makers and the first big test of the Trump administration's antitrust teams. Judge Richard Leon of the U.S. District Court for the District of Columbia is expected to rule at 4 p.m. ET (2000 GMT) on whether the $85 billion deal may go forward more than 1-1/2 years after it was announced. The government argued in a six-week trial this spring that AT&T's ownership of DirecTV, ...

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First Published: Tue, June 12 2018. 18:38 IST
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