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.
Investors are overweight US equities for 1st time in 15 months, Lynch’s latest monthly survey of funds showed, with US seen as the only region with a favorable profits outlook.
AT&T said that it is negotiating with the US FTC to resolve a 2014 complaint that claimed the company offered deceptive “unlimited” mobile phone data plans.
‘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.’
A state government official said that the food business in the city and other parts of the state could be seriously impacted if such sale is not stopped.
US has opened a probe into alleged coordination by AT&T Inc, Verizon to hinder consumers from easily switching wireless carriers, a person briefed on the matter said.
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