by Kiley Crossland
Posted 6/13/18, 11:26 am
A federal judge on Tuesday approved AT&T’s merger with Time Warner, rejecting the U.S. government’s argument that it would hurt competition and force consumers to pay hundreds of millions of dollars more to stream TV and movies. U.S. District Judge Richard Leon announced the ruling on Tuesday, concluding one of the biggest antitrust trials in recent years. The $85 billion merger will allow AT&T to absorb the owner of CNN, HBO, and the Warner Bros. movie studio.