U.S. Appeals Court Clears AT&T’s $81 Billion Purchase of Time Warner

(WASHINGTON) — A federal appeals court on Tuesday cleared AT&T's takeover of Time Warner, rejecting the Trump administration's claims that the $81 billion deal will harm consumers and reduce competition in the TV industry. The ruling by the U.S. Court of Appeals in Washington came in the high-stakes competition case, approving one of the biggest media marriages ever. It was already completed last spring, soon after a federal trial judge approved it.

(WASHINGTON) — A federal appeals court on Tuesday cleared AT&T's takeover of Time Warner, rejecting the Trump administration's claims that the $81 billion deal will harm consumers and reduce competition in the TV industry. The ruling by the U.S. Court of Appeals in Washington came in the high-stakes competition case, approving one of the biggest media marriages ever. It was already completed last spring, soon after a federal trial judge approved it.