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AT&T Acquisition of Time Warner Approved with No Conditions

posted by martyb on Thursday June 14 2018, @01:31AM   Printer-friendly
from the net-neutrality-will-save-us...-oh-wait dept.

takyon writes:

M&A gates open with judge's blessing on AT&T-Time Warner merger

A federal judge on Tuesday gave a ringing endorsement to AT&T Inc's planned acquisition of Time Warner Inc without any conditions, opening the door for companies such as Comcast Corp and Verizon Communications Inc to pursue deals to buy creators of media content.

The ruling by Judge Richard Leon bit.ly/2Jxx6qE of the U.S. District Court for the District of Columbia brings an end to a six-week antitrust trial in which U.S. regulators argued that the $85 billion deal would give AT&T undue leverage against rival cable providers that relied on Time Warner's content.

The judge's strong approval, and scathing opinion that urged the government not to seek a stay if they opposed the ruling, will give telecommunications providers the confidence that similar types of acquisitions will also have a shot at clearing regulatory hurdles, and could spur other copycat mergers this year, industry analysts and dealmakers said.

See also: AT&T-Time Warner Ruling Shows a Need to Reboot Antitrust Laws (archive)

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  • (Score: 4, Touché) by Azuma Hazuki on Thursday June 14 2018, @04:12AM (4 children)

    by Azuma Hazuki (5086) on Thursday June 14 2018, @04:12AM (#692692) Journal

    ...where are all the usual suspects? Get out here and defend this.

    --
    I am "that girl" your mother warned you about...
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  • (Score: 2) by bob_super on Thursday June 14 2018, @05:23AM

    by bob_super (1357) on Thursday June 14 2018, @05:23AM (#692721)

    They're all masturbating to the news that Comcast is ready to drop 65 Billion in cash to fight Disney for Fox.

    We're so fucked...

  • (Score: 0) by Anonymous Coward on Thursday June 14 2018, @07:22AM (1 child)

    by Anonymous Coward on Thursday June 14 2018, @07:22AM (#692747)

    Obviously the State should own both AT&T and Time Warner, along with a few banks and shipping and transportation corporations, rebranding itself as the State of America Freedom Group of Enterprises.

    • (Score: 3, Insightful) by Azuma Hazuki on Thursday June 14 2018, @08:11PM

      by Azuma Hazuki (5086) on Thursday June 14 2018, @08:11PM (#693150) Journal

      Got news for you, sunny Jim: whether it's state ownership or "private" ownership, massive centralizations and concentrations of power and resources are bad news for We The People. Private entities with enough power and money become de facto government.

      --
      I am "that girl" your mother warned you about...

  • (Score: 0) by Anonymous Coward on Thursday June 14 2018, @07:44PM

    by Anonymous Coward on Thursday June 14 2018, @07:44PM (#693135)

    They're all out defending all the tariffs that Trump wants to impose.