Brazilian Antitrust Authority Approves AT&T Acquisition of Time Warner
October 18 2017 - 1:00PM
Business Wire
Brazil’s antitrust authority, the Conselho Administrativo de
Defesa Econômica (CADE) has approved AT&T’s* pending
acquisition of Time Warner Inc.
“We appreciate the hard work by CADE to review and evaluate the
AT&T-Time Warner merger and approve it based on its benefits to
Brazilian consumers,” said David McAtee, Senior Executive Vice
President and General Counsel, AT&T Inc.
As with the approvals obtained in Chile and Mexico, CADE
approved the merger with targeted conditions to address specific
issues it identified. CADE’s approval does not require the sale or
divestiture of any AT&T or Time Warner assets.
With CADE’s approval, AT&T and Time Warner have received all
required merger approvals outside of the United States. In the
United States, the transaction remains under review by the U.S.
Department of Justice. AT&T expects the transaction to close by
the end of 2017.
*About AT&T
AT&T Inc. (NYSE:T) is a holding company. AT&T products
and services are provided or offered by subsidiaries and affiliates
of AT&T Inc. under the AT&T brand and not by AT&T
Inc. Additional information about AT&T Inc. is available
at about.att.com.
© 2017 AT&T Intellectual Property. All rights reserved.
AT&T, the Globe logo and other marks are trademarks and service
marks of AT&T Intellectual Property and/or AT&T affiliated
companies. All other marks contained herein are the property of
their respective owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20171018006247/en/
AT&T Corporate CommunicationsErin McGrath,
214-862-0651erin.mcgrath@att.com
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