It allows AT&T, a phone and pay-TV giant, to absorb the owner of CNN, HBO, the Warner Bros. movie studio, "Game of Thrones", coveted sports programming and other "must-see" shows. The Justice Department could decide to appeal the ruling, however. Customers will benefit from new bundles and offerings made possible by the merger, and the combined company will "develop new ad-supported video models that shift more costs to advertisers and off consumers", AT&T argued.
The Justice Department, which may still appeal the decision, sued the companies in November, arguing that the tie-up could be used to suppress competition and raise prices for consumers. But, he added, "the government's evidence is too thin a reed for this court to rely on".
The merger was approved without any conditions, a stunning rebuke of the government's case. The "drop dead" deadline for the merger to be completed is June 21. The loss is a black eye for the Justice Department. The proposed merger was so big and consequential that it drew the government's first lawsuit in decades to block a merger of two companies that don't directly compete. AT&T has been the nation's largest pay-TV company since it acquired DirecTV in 2015, and is one of the largest providers of home and mobile broadband service. It claims about 25 million of the 90 million or so USA households that are pay-TV customers.
Leon's ruling could shape the government's future competition policy.
Comcast's deal is expected to be announced tomorrow. Disney has bid for 21st Century Fox's entertainment assets, a deal that appears to have been shaped to avoid a challenge by Delrahim's antitrust squad. Comcast and Verizon are also jockeying for position in the new landscape. He noted that Time Warner owned CNN, and then declared his opposition to the $85 billion proposed sale.
During the trial, the judge heard from dozens of witnesses, including AT&T CEO Randall Stephenson and Time Warner CEO Jeffrey Bewkes. "If it's narrow, like 'I don't think Time Warner content is that must-have, ' that may have implications in a similar merger in the telecommunications space but may not have a drastic effect in other vertical mergers", said Caroline Holland, who was in the Antitrust Division during the administration of former President Barack Obama.
The government's case hinged on an economic model produced by Carl Shapiro, an economist at the University of California at Berkeley, who predicted an annual price increase to consumers of at least $285 million. The companies rejected both options. In fact, he suggested, consumers could end up paying less after a merger - maybe even $500 million less annually.
Time Warner gained as much as 5.8 percent in after-hours trading, while AT&T fell as much as 3.9 percent.
"We are gratified that the court's decision to categorically reject the government's bid to block this historic merger", he said.
Mr Trudeau and the European Union have vowed to take retaliatory action next month over U.S. tariffs on steel and aluminum. And chief economic adviser Larry Kudlow accused Trudeau of betrayal and stabbing Trump in the back.
Congress , the victor of Tuesday's primary election only becomes their party's representative in the upcoming general election. Unlike the General Election in November, where the victor represents their district in the Virginia General Assembly or U.S.
George, who's known to have an interest in police, was also pictured playing with what looked like a toy knife and handcuffs. The Duchess didn't only cheer up George this weekend, at Trooping the Colour , she had to comfort Charlotte too.
USA electric auto giant Tesla is laying off nine per cent of its workforce, the company announced on Tuesday. Instead, he said that the cuts were made to job functions that, "are hard to justify today".
Rose has pleaded not guilty to the case, and states that she was without the wallet for five hours before she retrieved it. She also cited reports that Weinstein hired private investigators to follow women who had made accusations against him.
Lopetegui, who has been in charge of the national team for the past two years, has agreed a three-year contract at the Bernabeu. Spain begin their World Cup campaign against Ronaldo's Portugal on Friday in a match live on BBC One (19:00 BST kick-off).
Speaking at a news conference in the Macedonian capital, Skopje, Zaev described the deal as a "historic agreement of the century". Protesters this spring called for a United Nations resolution demanding recognition of the country under the name of Macedonia .
Baldwin went on to admit that a suitable candidate would challenge Trump, stating: "Somebody great is going to come up, I hope". This isn't the first time Baldwin joked about his ability to take on Trump or his suitability to be the president.
The 23-year-old was one of Sporting's standout performers last season with 13 goals and 13 assists in 52 appearances. The fourth player to leave Sporting is Bas Dost, who has been strongly linked with a move to Sevilla.
Raptors promoting assistant Nick Nurse to head coach
Toronto's coaching search reportedly had narrowed down to Nurse and San Antonio assistant coach Ettore Messina. His path to an National Basketball Association head coaching job is unconventional, to say the least.
Formula 1 Canadian Grand Prix preview
His best lap was the slowest in the field at 1:17.145, but he was there just to get the feel of an F1 vehicle and help the team test it on two types of tires.
Man holds two people hostage in Paris
One of the hostages is reportedly a pregnant woman, and another is "severely injured", according to a witness. Police swept vehicles in the area with a device but found nothing, he said.
Saudi oil output said to top 10 million barrels a day
Saudi Arabia's output rose by 85,500 barrels per day in May, according to the cartel's monthly report out Tuesday. But Kuwait and Iran are reportedly concerned about the agreement between Saudi Arabia and Russian Federation .
Rolland Garros Final: Nadal vs Thiem
Halep, who assured herself of retaining the No. 1 ranking with the victory, earned a fourth chance to win her first major title. For example, losers in this year's first round left Paris with €40,000 - a 12.5 per cent jump on last year's €35,000.
Trump Kim summit: USA president hails deal after historic summit
It appears to be composed nearly entirely of generic stock footage and old news clips, including images of Trump and Kim smiling. Trump responded on Twitter, saying: 'The fact that I am having a meeting is a major loss for the US , say the haters & losers'.
Putin: Russia ready to improve ties with US
Signaling he will not back down, Trump hurled himself into the fight, lashing out on Twitter about "unfair trade deals". Such a move would only sow further discord within the European Union , a German Foreign Ministry official said.
Warriors to Pay Kevin Durant 'Whatever He Wants'
Jamal Crawford - one of the finest offensive players in the league, who might we willing to take a pay cut to play for a victor . Ed Davis - a rebounding machine that has tormented the Warriors as a member of the Blazers in recent years.
Consumer group urges Musk to fix driver assist system
A Tesla super charger is shown at one of the company's charging stations in San Juan Capistrano, California, US, May 30, 2018. Federal agencies are investigating two other crashes in which Teslas ran into stopped fire department vehicles.