AT&T-Time Warner decision could be sign for T-Mobile/Sprint deal

AT&T buys Time Warner for CNN

AT&T buys Time Warner for CNN

It will bring together AT&T's significant wireless, satellite television and internet business with Time Warner's media properties, which include HBO and CNN.

"Judge OKs AT&T merger with Time Warner, rejecting government argument it would hurt pay-TV consumers, competition".

The tie-up would Wednesday largest USA pay-TV operator and the second-largest wireless phone carrier with Time Warner, owner of premium channel HBO, the Warner Bros studios, Cartoon Network and CNN.

The Justice Department had said the acquisition would hurt competition in the pay TV market, and assistant USA attorney general Makan Delrahim said he was "disappointed" with the court's ruling.

The court's decision in the case could have an enormous impact on the media landscape and the fate of future corporate mega-mergers.

The AT&T and Time Warner merger has officially been approved.

There have been persistent reports that Comcast, which owns the majority of NBC Universal, would make an offer to Murdoch and Fox's board that included more cash and less stock than Disney was offering.

Daniel Petrocelli, lead attorney for AT&T and Time Warner, speaks with the media outside the U.S. District Court on June 12, 2018 in Washington, DC.

The deal, which could close next week, is seen as a turning point for a media industry that has been upended by companies like Netflix Inc and Alphabet Inc's Google which produce content and sell it online directly to consumers, without requiring a pricey cable subscription.

Migrants on stranded vessel to be taken to Spain
The 629 migrants , including pregnant women and scores of children, were saved by SOS Mediterranee on Saturday. Some people had to be resuscitated after they fell into the water after the boat carrying them broke apart.

Uber driver boots lesbian couple for kissing in the backseat
Just five minutes after that, Pichl said the driver "pulled the cab over and said: 'You should not do that... do not do that'". Meanwhile, Iovine and Pichl say the incident has changed their perspective on being in a same-sex couple in New York City.

Britain's Theresa May wins key vote, but loses a junior minister
They subsequently warned they will not be easily bought off, while Tory Brexiteers urged ministers not to concede any ground. Conservative lawmaker Phillip Lee resigned as a justice minister Tuesday so he could speak out against the policy on Brexit.

While a trial judge sided with Conrath, an appeals court ruled against Justice.

"We are disappointed with the Court's decision today", a spokesperson for the agency said in a statement.

AT&T originally announced the deal on October 22, 2016, just a few short weeks before Donald Trump was elected president.

"AT&T is buying Time Warner, and thus CNN", Trump told an audience at a campaign stop in Gettysburg, calling the proposed merger an example of a media "power structure" that was working to suppress his vote and the voices of his supporters.

A vertical merger is when two companies who provide different or complementary offerings join forces, giving consumers access to a more comprehensive set of services, at a lower price, while still generating profits. That's not to say that vertical mergers get through regulatory approval free and clear - the FTC has fought 22 vertical mergers since 2000 - but they receive less scrutiny than horizontal mergers.

Shares of AT&T were about flat in after-hours trade following the decision, while Time Warner rose more than 5 percent. And in order to stay competitive, AT&T's CEO Randall Stephenson said during the trial that it needed a big deal to survive.

The Justice Department charged that AT&T was buying Time Warner so the carrier could charge its competitors more to carry CNN, HBO and National Basketball Association games on TNT, or maybe even cut them off altogether to make its own distribution services more popular.

"This is a disappointing result, and we expect the government will appeal", Public Knowledge Senior Counsel John Bergmayer said.

The Justice Department had repeatedly suggested the judge consider forcing AT&T to divest some of Time Warner's cable channels.

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