AT&T's politically charged takeover of Time Warner was approved by a USA judge on Tuesday in a blow to the Trump administration which had fought hard to have the deal scrapped. The Justice Department sued to block the deal from going through in November of 2017, arguing that it would limit competition and raise prices.
Leon rejected the notion of temporarily suspending the merger for a possible appeal by the government.
Already one deal depends on the ruling:Comcast Corp said in May that it was preparing a higher, all-cash offer for most of the media assets of Twenty-First Century Fox, but sources say it will only proceed if AT&T wins its case.
The deal is set to unite AT&T's significant wireless, satellite television and internet business with Time Warner's media properties, which include HBO and CNN. "We continue to believe that the pay-TV market will be less competitive and less innovative as a result of the proposed merger between AT&T and Time Warner". Most immediately, Disney's bid to buy a chunk of 21st Century Fox may be impacted as the ruling could encourage Comcast to put forward a competing bid, as it has already announced it might do.
Critics charged that Trump had come out against the deal because of Time Warner's CNN, which has been highly critical of his presidency.
David McAtee, AT&T's general counsel, said AT&T (T) expected to close the deal by June 20.
A big win for the Justice Department would send shudders down the spines of M&A bankers pursuing deals where a company seeks to merge with a supplier.
Brexit backer Arron Banks facing questions over Kremlin links
Speaking to ITV News Mr Banks said he did meet a few times with the Ambassador but denied any of collusion or Russian influence. Defiant Mr Banks told reporters: "I had two boozy lunches with the Russian ambassador and another cup of tea with him".
Police operation over hostage situation in Paris
Police would not immediately confirm whether the person holding the hostages was armed or describe the nature of his demands. The male suspect reportedly asked to speak with the ambassador of Iran, Lefebvre said.
George and Charlotte goof off at William's polo match
By then little Charlotte, who appeared to shout after her mum as she sprinted to the marquee, was by her side. Several photos of Prince George playing with a toy gun on Sunday sparked a heated debate on social media.
The decision by Judge Richard Leon is a setback for Makan Delrahim, President Trump appointee to the top spot in the Justice Department's antitrust division, challenging his view of antitrust laws in the digital era.
The Justice Department has not brought a suit seeking to stop a vertical merger - whereby companies operating in different spaces combine - since 1979. He rejected the government's argument that it would hurt competition in pay TV and cost consumers hundreds of millions of dollars more to stream TV and movies. If AT&T and Time Warner win, it will likely be full steam ahead.
The fate of the AT&T-Time Warner merger, a massive media deal opposed by the government that could shape how much consumers pay for streaming TV and movies, rests in the hands of a federal judge.
The case was closely watched by telecom and media industry analysts, corporate executives, and Wall Street.
During the trial, the judge heard from dozens of witnesses, including AT&T CEO Randall Stephenson and Time Warner CEO Jeffrey Bewkes.
"We think the evidence throughout the trial was quite clear and we're very pleased that the court saw it the same way", said Daniel Petrocelli, AT&T's lawyer. AT&T wasn't on board, saying, "Divestitures here would destroy the very consumer value this merger is created to unlock".
Red Bull's Max Verstappen posted the fastest lap at the Formula One Canadian Grand Prix for the third practice session in a row. It's the first pole for Ferrari at the track named for one of its most celebrated drivers since Michael Schumacher in 2001.
Al Franken's resignation from Congress, saying "the norms have really changed" since his tenure in the White House. Clinton has been doing interviews with various television networks while promoting his new book.
I think he should apologize to the prime minister. "I know it was reported sort of nasty both ways - I was angry at her, or she. But actually, we were just talking, the whole group, about something unrelated to everything, very friendly".
France open their World Cup campaign on Saturday, and it appears Mbappe is now a doubt following an injury sustained in training. Mbappé has started each of France's last seven matches, scoring three times.
He's told not to do anything to mess things up, and then the following six weeks sees him..., well, you can probably take a guess. The film - which actress Bec Asha (see below) also seems to be involved in - lenses in Vancouver and Australia next month.
Canada's foreign minister, Chrystia Freeland, said her country "does not conduct its diplomacy through ad hominem attacks". Germany pays 1% (slowly) of GDP towards North Atlantic Treaty Organisation , while we pay 4% of a MUCH larger GDP.
He previously had a spell as manager of Porto , as well as with the Spanish national youth team set-up and at Real's B team. Real finished third in La Liga last season, 17 points behind champions Barcelona.
It was the second-consecutive game Tolbert homered and the second grand slam over the past three games against the Razorbacks. The Gamecocks received just enough positive output from starter Cody Morris in extending their season at least one more day.
Welcome to Florida, where the alligators greet you at the airport! It shows an alligator, strolling leisurely across the runway. Fennell noted alligator sightings do "not happen often", adding "it's a protected species, so it has the right of way".
Army Corps of Engineers and Fulton County authorities, have reportedly installed buoys and roped off the area around the sinkhole. The Arkansas Game and Fish Commission on Monday warned boaters to avoid an area known as Sadler Falls.
'Wake up Punchy!': Trump jabs back at De Niro
President Donald Trump is punching back against actor Robert De Niro , calling him a "low IQ individual". Earlier this year, the "Godfather Part II" star called Trump a "jerkoff in chief" and "a f-king idiot".
Metro Exodus Releasing February 2019
Metro will be taking the Russian post-apocalyptic epic into a bigger and badder place than ever before. Now, at E3 2018 at the Microsoft conference, a new gameplay trailer for the title has been released.
When Trump Met Kim
According to Will Ripley, CNN correspondent who has visited North Korea 19 times, the interpreter with President Trump is Dr. Yun-hyang Lee, the division chief of interpreting services at the State Department.
Allawi calls referendum on Iraq election results
The outgoing parliament also called for the Independent High Elections Commission's leadership to be replaced by nine judges. Baghdad firefighters managed to control the fire that broke out June 10 at the Metropolitan warehouse containing ballots.
Arsenal agree contract details with Serie A midfielder
He has one Uruguay cap and was included in Óscar Tabárez's World Cup squad for the tournament in Russian Federation this summer. He has become a key player at the Stadio Luigi Ferraris and is ranked among the best defensive midfielders in Serie A.
Nadal to battle del Potro in French Open semi-final
That led to 34 winners (eight more than Nadal) but also 42 unforced errors (18 more than Nadal). "Today I played more aggressive". The victor of 10 French, three US Open, two Wimbledon and one Australian Open titles has won 87 of his 89 matches at the French.
Lakers' Ball reveals he had PRP treatment on knee
LeBron has a big decision to make and LaVar might end up being brought up in the decision-making process, but not in a good way. In LaVar's mind, there's more for LeBron in joining the Purple and Gold than just adding to his resume.