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AT&T closes $85 billion deal for Time Warner

Reuters  |  WASHINGTON 

By Diane Bartz and David ShepardsonWASHINGTON (Reuters) - AT&T Inc , the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after U.S. antitrust regulators indicated they would not seek a delay.The deal, first announced in October 2016, was opposed by President Donald Trump. AT&T was sued by the Justice Department, but won approval from a judge to move forward with the deal on Tuesday following a six-week trial.The Justice Department still has 60 days to appeal the decision by U.S. District Judge Richard Leon, even though the deal has ...

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First Published: Fri, June 15 2018. 07:00 IST
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