AT&T wins: Judge clears $85 billion bid for Time Warner with no conditions

 

Source: Sara Salinas, CNBC

A federal judge said Tuesday that AT&T's $85.4 billion purchase of Time Warner is legal, clearing the path for a deal that gives the pay-TV provider ownership of cable channels such as HBO and CNN as well as film studio Warner Bros.

U.S. District Court Judge Richard Leon did not impose conditions on the merger's approval. He also urged the government not to seek a stay when issuing his decision in a closed-door room with reporters.

Read Full Article: AT&T wins: Judge clears $85 billion bid for Time Warner with no conditions

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