You are here: Home » Reuters » News
Business Standard

AT&T wins U.S. court approval to buy Time Warner for $85 billion

Reuters  |  WASHINGTON 

By Diane Bartz and David ShepardsonWASHINGTON (Reuters) - AT&T Inc won approval from a U.S. court on Tuesday to buy Time Warner Inc for $85 billion, without conditions, allowing AT&T to compete with internet companies that dominate digital advertising and providing new sources of revenue.The planned deal is seen as a turning point for a media industry that has been upended by companies like Netflix Inc and Google which produce content and sell it online directly to consumers, without requiring a pricey cable subscription. Distributors including cable, satellite and wireless carriers all ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, June 13 2018. 02:36 IST
RECOMMENDED FOR YOU