Judge Clears AT&T, Time Warner to Close Deal

Date : 06/14/2018 @ 6:12PM
Source : Dow Jones News
Stock : Time Warner Inc. New (TWX)
Quote : 98.91  0.0 (0.00%) @ 2:05AM

Judge Clears AT&T, Time Warner to Close Deal

Time Warner (NYSE:TWX)
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By Drew FitzGerald and Brent Kendall 

WASHINGTON -- U.S. District Judge Richard Leon on Thursday authorized AT&T Inc. to complete its purchase of Time Warner Inc., after the Justice Department decided not to request a delay that would have held up the combination.

On Tuesday, Judge Leon denied the Justice Department's attempt to block the deal and said the companies should be allowed to close their transaction before a June 20 deadline.

A Justice Department official said Thursday the government still hasn't decided whether it will appeal the decision, but the agency won't seek a stay, which would have held up the transaction while both sides continued to litigate the issue.

Write to Drew FitzGerald at andrew.fitzgerald@wsj.com and Brent Kendall at brent.kendall@wsj.com

 

(END) Dow Jones Newswires

June 14, 2018 17:57 ET (21:57 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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