WASHINGTON — A federal judge ruled on Tuesday that AT&T can move forward with its $85 billion acquisition of Time Warner.
Judge Richard Leon of the U.S. District Court for the District of Columbia said at a hearing that he has found, after a six-week trial, that the deal does not violate antitrust law and can proceed.
The judge’s ruling will likely be seen by tech and telecom giants as a green light to pursue a slew of major media acquisitions.
CNN is owned by Time Warner.
This is a developing story. More to come…
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