Federal appeals court upholds AT&T’s Time Warner merger, handing defeat to Justice Department
A federal appeals court upheld AT&T’s $85 billion merger with Time Warner on Tuesday, handing the telecom giant a major victory in its months-long legal battle against Justice Department regulators who had alleged the deal was anti-competitive.
The outcome is a major defeat for the Justice Department’s top antitrust chief, Makan Delrahim, who legal analysts say took a major risk in suing AT&T and who has now lost twice at court. The Justice Department didn’t immediately respond to a request for comment, nor to whether the agency will seek to escalate the case to the Supreme Court.
This is a developing story.
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