DOJ will not seek a stay in AT&T merger, allows deal to close pending potential appeal

DOJ will not seek a stay in AT&T merger, allows deal to close pending potential appeal

5 years ago
Anonymous $roN-uuAfLt

https://www.cnbc.com/2018/06/14/doj-will-not-seek-a-stay-in-att-merger.html

The Justice Department has agreed to let AT&T complete its purchase of Time Warner, according to joint government filings, likely clearing the way for the deal to be completed as soon as Friday.

A federal judge ruled on Tuesday that AT&T's $85.4 billion bid for Time Warner was legal, imposing no conditions on the merger. The government had the option to seek a stay, delaying the merger for a designated waiting period, but has forgone that option.