Jun 12, 2018 05:11 PM EST
Judge OK's AT&T and Time Warner Merger
A merger between AT&T and Time Warner has been approved this afternoon. The decision was made by U.S. District Court Judge Richard Leon.
Ther merger, which had been opposed by the Trump administration, will join together two huge media corporations. AT&T will purchase Time Warner for $85 billion.
The Justice Department says this deal would be anti-competitive and they can still seek an appeal. This decision will also set a precedent for future mergers/acquisitions of this kind.
There is no word on whether or not the DOJ will appeal the decision made today and the judge even recommended that they didn't do so.
We will continue to follow this story as it develops.
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