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US allows AT&T and Time Warner multi billion merger

The US government and AT&T Inc agreed on Thursday on conditions that would allow the wireless company to close its deal for Time Warner Inc while the Justice Department considers a potential appeal.


Reuters Last Updated at 15 Jun 2018, 02:06 IST United States
US allows AT&T and Time Warner multi billion merger
  • In a joint filing, the two sides asked the judge to authorize the companies to close their $85 billion merger. (Image Credit: Reuters)

The US government and AT&T Inc agreed on Thursday on conditions that would allow the wireless company to close its deal for Time Warner Inc while the Justice Department considers a potential appeal.

In a joint filing, the two sides asked the judge to authorize the companies to close their $85 billion merger pending the potential appeal.

AT&T agreed, as one condition, to manage the Turner networks separately until Feb. 28, 2019 or the conclusion of the case, according to a court filing.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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