The AT&T-Time Warner antitrust trial finally has a ruling after the trial ended last month. Last year The Department of Justice had called on AT&T and Time Warner to sell all or part of the Turner Broadcasting Group—the group of cable networks that includes CNN—or to sell off DIRECTV and keep the cable networks as a potential requirement for approving the pending deal. After AT&T refused the Department of Justice sued to block the merger.
AT&T asked the court to approve their $85 billion deal to buy Time Warner to be approved without any preconditions.
The case has drawn attention from all sides including Sling TV’s President Warren Schlichting, who testified against the merger. “We would lose a lot of subs,” Schlichting said, during an hour and a half of testimonies at the U.S. District Court in Washington, D.C. “There would be severe bleeding. It would be a lose/lose for us, and a win/win for them.”
Now the judge overseeing the case has ruled that AT&T can merge with Time Warner. The Judge has put no conditions on the merger.
*This is breaking news and we will update this story as we learn more.
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