AT&T, Time Warner Merger Cleared, DOJ Warned Against Stay

By Bryan Koenig (June 12, 2018, 4:44 PM EDT) -- AT&T can complete its $85 billion purchase of Time Warner in a major transformation of the pay-TV landscape, a D.C. federal judge ruled Tuesday, rejecting U.S. Department of Justice efforts to block the merger and warning that blocking it pending appeal would be an "injustice."

U.S. District Judge Richard J. Leon completely rejected DOJ arguments that the merger would unacceptably drive up consumer pay-TV rates by hundreds of millions of dollars a year. (AP) After a lengthy bench trial that wrapped up at the end of April, U.S. District Judge Richard J. Leon completely rejected DOJ arguments that the merger would...

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