AT&T Defeats U.S. In Merger Fight To Buy Time Warner

Credit: Wochit News
Published on February 26, 2019 - Duration: 00:31s

AT&T Defeats U.S. In Merger Fight To Buy Time Warner

A U.S. appeals court upheld a lower court ruling that AT&T’s deal to buy Time Warner for $85.4 billion was legal under antitrust law.

Reuters reports, the three-judge panel on the U.S. Court of Appeals for the District of Columbia ruled unanimously in favor of the deal.

“The government’s objections that the district court misunderstood and misapplied economic principles and clearly erred in rejecting the quantitative model are unpersuasive,” the judges said in their opinion.

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AT&T Defeats U.S. In Merger Fight To Buy Time Warner

JULY 27, 2017, FILE PHOTO WEDNESDAY, JUNE 13, 2018, FILE PHOTO

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