2019-02-27 — bloomberg.com
AT&T Inc. beat back another effort by the U.S. to undo its purchase of Time Warner, cementing an $85 billion deal to help it compete with Netflix Inc.
That ends the Trump administration's attempt to unravel a tie-up the U.S. said would lead to higher prices for pay-TV subscribers around the country -- though it could make the DOJ hungrier for a win on the next big merger up for review, T-Mobile US Inc.'s pending $26 billion takeover of Sprint Corp., according to one analyst.
"The government's objections that the district court misunderstood and misapplied economic principles and clearly erred in rejecting the quantitative model are unpersuasive," the court said in a 35-page ruling
Comments: Be the first to add a comment