Advertisement

Tony Katz Today

Blog > Tony Katz > Tony Katz Today > Judge Clears $85 Billion Bid for AT&T, Time Warner Merger with No Conditions

Judge Clears $85 Billion Bid for AT&T, Time Warner Merger with No Conditions

Professor of Economics, Dr. Matt Will: "This is much ado about nothing."

(Joan Cros Garcia - Corbis/Getty Images)

A federal judge said Tuesday that AT&T's $85.4 billion purchase of Time Warner is legal, clearing the path for a deal that gives the pay-TV provider ownership of cable channels such as HBO and CNN as well as film studio Warner Bros.

U.S. District Court Judge Richard Leon did not impose conditions on the merger's approval. He also urged the government not to seek a stay when issuing his decision in a closed-door room with reporters.

AT&T General Counsel David McAtee said the company was happy with the result, according to CNBC.

"We are pleased that, after conducting a full and fair trial on the merits, the Court has categorically rejected the government's lawsuit to block our merger with Time Warner," McAtee said in a statement. "We look forward to closing the merger on or before June 20 so we can begin to give consumers video entertainment that is more affordable, mobile, and innovative."

WIBC host Tony Katz spoke with Professor of Economics, Dr. Matt Will about the merger. Click the link below to listen to the full interview:

(Drew Angerer/Getty Images) A politically sharp American could wind up causing their head to explode by attempting...
(Win McNamee/Getty Images) In the midst of all the political commentary and calls for additional scrutiny into the...