AT&T Inc emerged victorious on Tuesday over the Trump administration's draw...
WASHINGTON - AT&T Inc emerged victorious on Tuesday over the Trump administration’s drawn-out attempts to block its $85.4 billion purchase of Time Warner as the U.S. Justice Department said it would not fight an appeals court ruling approving the deal.
It was AT&T’s second major court victory against the Justice Department, setting the stage for the No. 2 wireless carrier to integrate its WarnerMedia business as well as its new Xandr advertising unit. McAtee said the merger “has already yielded significant consumer benefits and will continue to do so for years to come.”
AT&T agreed to manage the Turner network separately until Feb. 28, or until the conclusion of any appeal by the Justice Department. AT&T also agreed it would have no role in setting Turner’s prices to distributors and the number of Turner employees would remain largely unchanged.
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