AT&T receives approval to buy Time Warner
US Court rules out in the favor of AT&T, can now by Time Warner:- A wonderful day for AT&T today! The US Court has finally ruled in favor of them. So they can buy Time Warner for around $85 billion. The deal was stopped back in 2017 when Justice Dept. filed a lawsuit against this deal.
“failed to meet its burden of proof” US Court on Time Warner deal
Back in 2017, the deal was stopped, after the justice department filed a lawsuit. The deal is valued at around $85 billion and may help AT&T to bring some new features in the US.
According to AT&T, this deal will help them in bringing internet and TV together in coming future. The judge said that the government has “failed to meet its burden of proof” because in their case this would lessen competition and that they should not seek a stay of his ruling because it would be “manifestly unjust” and unlikely to succeed [Droid-Life].
AT&T wants to buy the company so that they could compete with several others such as Google. They want to get to know all your information so as to provide you better products and services in coming future. The deal is necessary for the same.