Department of Justice

AT&T Closes Time Warner Deal

A federal judge ruled on Tuesday that AT&T's $85.4 billion bid for Time Warner was legal, imposing no conditions on the merger

AT&T completed its purchase of Time Warner on Thursday, shortly after the U.S. Department of Justice said it would not apply for a stay of a judge's ruling letting the deal go forward, CNBC reported.

A federal judge ruled on Tuesday that AT&T's $85.4 billion bid for Time Warner was legal, imposing no conditions on the merger.

The government had the option to seek a stay, delaying the merger for a designated waiting period, but has forgone that option. 

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