Justice Department Appeals Court Ruling Allowing AT&T-Time Warner Merger

WASHINGTON—Escalating the stakes in one of the era’s highest-profile antitrust cases, the Justice Department appealed a ruling that allowed AT&T Inc. to acquire Time Warner Inc., setting the stage for a second round of legal proceedings. The department initiated the appeal Thursday with a two-page notice in federal court, filing it a month after U.S.…

Continue Reading →

AT&T completes $85 billion Time Warner acquisition

AT&T on Thursday evening said that it has completed its $85 billion purchase of Time Warner, just two days after a judge ruled that the deal could proceed over objections from U.S. antitrust regulators. The Department of Justice did not file for an emergency stay of the judge’s ruling, per the judge’s request, but still…

Continue Reading →

Hedge Funds Are Poised to Be Winners in AT&T-Time Warner Deal

AT&T’s victory in its legal battle to buy Time Warner Inc. likely handed a win to merger arbitragers, particularly some of Wall Street’s biggest hedge funds, who had bet the deal would go through. The deal has attracted interest from big firms. Hedge funds such as Highfields Capital, Baupost Group, Sachem Head Capital Management, Paulson…

Continue Reading →

Decoding Judge Leon’s AT&T-Time Warner Decision

Judge Richard J. Leon, in his 172-page opinion Tuesday, allowed AT&T Inc.’s proposed merger with Time Warner Inc., to go through, over objections by the U.S. Justice Department that the deal, if consummated, would have anticompetitive effects and violate the antitrust laws. Below are highlights and analysis on Judge Leon’s opinion. •Page…

Continue Reading →

AT&T Beats U.S. in Antitrust Fight Over Time Warner

WASHINGTON—A federal judge ruled Tuesday that AT&T Inc. can proceed with its blockbuster acquisition of Time Warner Inc., without any conditions, marking a historic defeat for the Justice Department that could rewrite the media landscape and set the stage for other deals. U.S. District Judge Richard Leon told a packed courtroom that the department hadn’t…

Continue Reading →

Justice Department Urges Alternative Remedies in AT&T-Time Warner Merger

WASHINGTON—In a twist during closing arguments of a six-week trial, the Justice Department urged the judge in the AT&T Inc. merger case to consider “alternative” remedies if he decides not to block the planned acquisition of Time Warner Inc. outright. The move Monday came after months of legal maneuvering in the biggest antitrust case of…

Continue Reading →