In the United States approved the merger of AT&T and Time Warner

В США одобрили слияние AT&T и Time Warner

Previously, the merger of AT&T and Time Warner was approved by other regulators, including the European Commission

Against the deal were the American President Donald trump, who saw it as a threat to monopolize the market.

AT&T received approval from the U.S. Federal court for the acquisition of Time Warner for 85 billion dollars, according to Reuters. The judge in the district of Columbia Richard Leon approved the transaction, finding that the merger did not violate antitrust laws of the United States.

He also urged the justice Department not to require termination of the decision. Nevertheless, the Ministry stated that they are disappointed by the decision and “considering further steps,” notes CNN.

Last year the U.S. justice Department blocked the deal for the merger, stating that it would seriously hurt American consumers, as it can undercut the competition. However, AT&T said that I see no reason for the ban and decided to challenge in court blocking the transaction.

On the merger became known 2016. Then the company justified this step by the fact that this deal will allow them to more successfully compete with Google and Netflix. However, during the election campaign, the current President of the United States Donald trump said he will block her because she is “not good for the country.”

Previously, the merger of AT&T and Time Warner was approved by other regulators, including the European Commission.

Recently it became known that the American telecommunications conglomerate Comcast Corp. wants to disrupt the sale of the assets of the holding company 21st Century Fox Rupert Murdoch’s company The Walt Disney Company.

 

News from the Reporter.net Telegram. Subscribe to our channel https://t.me/korrespondentnet

Source