Content powerhouse Time Warner has hurdled one of its obstacles on the way to a merger with telecom giant AT&T.
Time Warner shareholders on Wednesday voted to approve AT&T’s $85.4 billion acquisition. Announced in October, the mega-merger would pair entertainment creators such as HBO, CNN and Warner Bros. studio with AT&T’s wired and wireless networks and DirecTV.
Bigger hurdles remain, however. The Justice Department is reviewing the merger, AT&T CEO Randall Stephenson told CNBC last week and he expects the deal to close by the end of the year. AT&T and Time Warner do not compete with each other, thus the deal is a vertical merger, which should be less concerning for regulators, Stephenson has said.
Full Content: USA Today
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI