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US Justice Department will not appeal AT&T, Time Warner merger after court loss

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WASHINGTON: AT&T Inc emerged victorious on Tuesday over the Trump administration's drawn-out attempts to block its US$85.4 billion purchase of ...

WASHINGTON: AT&T Inc emerged victorious on Tuesday over the Trump administration's drawn-out attempts to block its US$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.

"We are grateful that the Court of Appeals considered our objections to the District Court opinion. The department has no plans to seek further review," Justice Department spokesman Jeremy Edwards said in a statement. The merger, which was announced in October 2016, closed on June 14, 2018, shortly after U.S. District Judge Richard Leon ruled it was legal under antitrust law.

 

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