Judge OKs AT&T Merger With Time WarnerNewser — Evann Gastaldo
After a six-week trial, a federal judge on Tuesday said AT&T's $85.4 billion purchase of Time Warner is legal, approving the merger with no conditions, CNBC reports.
The Justice Department sued to block the merger last year; the judge's decision rejects the government's argument that the merger will hurt competition and could result in higher prices for consumers, the AP reports.
Shares of AT&T dropped more than 2% in extended trading, while shares of Time Warner rose almost 5%.
Then She Did It
This article originally appeared on Newser: Judge OKs AT&T Merger With Time Warner