USA : AT&T acquisition of Time Warner cleared by judge

[arista]

https://news.sky.com/story/att-acquisition-of-time-warner-cleared-by-judge-11403104


[AT&T says it needs Time Warner to compete with Amazon, Netflix and Google, and that the deal will give consumers more choices.]

[A federal judge has cleared AT&T's planned acquisition of Time Warner, the entertainment company
that owns HBO, Turner and Warner Bros.
The ruling brings to an end a six-week antitrust trial which
heard regulators argue that the deal, worth $85m (£63.5m), would give AT&T undue leverage against
rivals that rely on Time Warner content.]

That will be a Mega Company
once it goes through.

[Maru]

:|

[Maru]

So I guess T-mobile US/Sprint merger will be approved as well.

Comcast offers to buy Fox media assets for $65 billion in cash
https://www.reuters.com/article/us-fox-m-a-comcast/comcast-offers-to-buy-fox-media-assets-for-65-billion-in-cash-idUSKBN1J92Z2?feedType=RSS&feedName=technologyNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtechnologyNews+%28R euters+Technology+News%29

(Reuters) - Comcast Corp (CMCSA.O) offered $65 billion on Wednesday for Twenty-First Century Fox Inc (FOXA.O) media assets, emboldened by AT&T Inc (T.N) prevailing over the Trump administration’s attempt to block a merger with Time Warner Inc (TWX.N).

The all-cash offer for Fox’s movie and TV studios and other assets including the X-Men franchise, opens a war with Walt Disney Co (DIS.N), which has bid $52 billion in stock.

Comcast is expected to lead a wave of traditional media companies trying to combine distribution and production to compete with Netflix Inc (NFLX.O) and Alphabet Inc’s (GOOGL.O) Google. The younger firms produce content, sell it online directly to consumers and often offer lucrative targeted advertising.

AT&T won a court victory over skeptical U.S. antitrust regulators on Tuesday when a federal judge allowed it to buy Time Warner for $85 billion, which was widely taken as a green light for Comcast to submit its expected bid.