AT&T wins: Judge approves $85.4 billion Time Warner acquisition

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Merger between AT &T and Time Warner 06.12.18_1528840049372.PNG.jpg

AT&T’s $85.4 billion acquisition of media giant Time Warner can proceed, a federal judge said Tuesday.

U.S. District Judge Richard Leon ruled that the combined companies do not pose a danger to consumers, a decision that amounts to a resounding win for the two companies.

Leon ruled that AT&T can buy all of Time Warner without any conditions, such as selling certain assets or agreeing to refrain from raising prices. 

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