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AT&T Cleared To Buy Time Warner In Blow To Trump Administration

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WEB Notes: Everything is being consolidated it would seem. This centralizes the media even more than it is today which obviously makes it easier to control, which means… The people are easier to control.

AT&T Inc. was cleared by a judge to take over Time Warner Inc. in an $85 billion deal that will fuel the mobile-phone giant’s evolution into a media powerhouse and could spark a wave of new mergers.

U.S. District Judge Richard Leon on Tuesday rejected the Justice Department’s request for an order blocking the Time Warner acquisition, saying the government failed to make its case that the combination would lead to higher prices for pay-TV subscribers. The judge put no conditions on the deal.

Time Warner gained as much as 5.8 percent in after-hours trading, while AT&T fell as much as 3.9 percent.

Source: AT&T Cleared to Buy Time Warner in Blow to Trump Administration – Bloomberg

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