AT&T closed its $85 billion deal to acquire media company Time Warner Inc after U.S. antitrust regulators indicated they would not seek a delay.
Comcast offered $65 billion to lure Fox away from a merger with Disney, setting up a bidding war between two of the largest US media companies with its 20% higher offer.
A court approval for AT&T’s $85 billion takeover of Time Warner lifted media and telecom shares on Wednesday, helping U.S. stock futures ahead of US Fed announcement.
Shares of AT&T Inc fell 2 percent after a federal judge approved the telecom company’s $85 billion buyout of Time Warner Inc, clearing the path for more deals.
AT&T, awaits a court ruling that will determine if it can buy Time Warner, a decision that could prompt a cascade of pay TV companies buying television and movie makers.
S&P 500 telecom sector .SPLRCL higher, led by AT&T Inc (T.N)
‘AT&T’s $600,000 deal with Trump’s personal attorney, Michael Cohen, specified that Cohen would advise the company on its $85 billion merger with Time Warner.’
Lawyers for the US Justice Department and AT&T will give closing arguments in a trial to determine if DirecTV, will be allowed to buy movie and TV show maker Time Warner.
AT&T CEO said his company’s bid to buy Time Warner would allow the two firms to serve customers better by lowering pay TV rates.
AT&T’s proposed merger with Time Warner would save consumers money because the marriage of a pay-TV giant would create a more efficient company, economist said.
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May bid for Arcelor-Mittal's Romanian plant
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BANK OF MAHARASHTRA
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BANK OF MAHARASHTRA
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Bank union requests govt to intervene in bank's arrests
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TOI & ET REPORTS