The federal district court approves AT & T's acquisition of 9 trillion yen time Warner, dismissing the appeal of the US Justice Department

byMike Mozart

The US District Court for the District of Washington decided to approve against the acquisition plan of media company Time Warner by AT & amp; T in the US. The Justice Department filed an action to stop the Justice Department from giving an advantage to competitors if this plan were approved, but the district court reversed the form.

AT & T's acquisition of Time Warner Acquired CNN and other affiliates U.S. federal district court | NHK News
https://www3.nhk.or.jp/news/html/20180613/k10011475961000.html


AT & T wins court approval to buy time Warner over Trump opposition | Reuters
https://www.reuters.com/article/us-time-warner-m-a-at-t/att-wins-u-s-court-approval-to-buy-time-warner-for-85-billion-idUSKBN1J82QX

Federal judge clears AT & amp; T's bid for Time Warner with no conditions
https://www.cnbc.com/2018/06/12/att-time-warner-ruling.html

Time & Warner's acquisition plan by AT & T was announced in October 2016. AT & T is the largest telecommunications company in the United States, and Time Warner has a television station "HBO" known for hits of the news specialty channel "CNN" and the drama "Game of Thrones", a film company "Warner Bros." It is a comprehensive media company owned by the company.

In July 2015 prior to the acquisition of Time Warner, AT & T had finished acquiring DirecTV, which is developing satellite broadcasting service. For this reason, the US Department of Justice claims that the creation of a huge media company will have unfair advantage over competitors who use Time Warner's content, We have sued for it.

Judge Richard Leon of the district court in Washington that approved the plan pointed out that the government could not clearly show the disadvantage of the acquisition. Asking for postponement of the execution of the judgment stung a nail "obviously unjustified."

"We are pleased that the court decidedly dismissed the government's appeal to prevent the merger with Time Warner under a fair trial," AT & T said. "At a more affordable, innovative mobile We can offer video entertainment to consumers, "commented that the acquisition will be completed by June 20, 2018.

AT & T Applauds Court Decision on Time Warner Deal
http://about.att.com/story/court_rules.html


By the way, CNN is a media known for being frequently criticized as "fake news" from President Trump, and President Trump has opposed this acquisition plan during the election period. For this reason, there was a view that the Department of Justice might move with the intention of President Trump, but it seems that it is not an instruction from the White House.