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US appeals court blesses AT&T's $81B merger with Time Warner

2 years 1 month 3 weeks ago Tuesday, February 26 2019 Feb 26, 2019 February 26, 2019 8:50 AM February 26, 2019 in News - AP Texas Headlines

By MARCY GORDON
AP Business Writer

WASHINGTON (AP) - A federal appeals court has blessed AT&T's takeover of Time Warner, defeating the Trump administration by affirming that the $81 billion merger won't harm consumers or competition in the booming pay TV market.

The ruling by the U.S. Court of Appeals in Washington came Tuesday in the high-stakes competition case, approving one of the biggest media marriages ever. It was already completed last spring soon after a federal trial judge approved it, as phone and pay TV giant AT&T absorbed Time Warner, the owner of CNN, HBO, the Warner Bros. movie studio, "Game of Thrones," coveted sports programming and other "must-see" shows.

Many observers had expected the decision favorable to AT&T from the three-judge appeals court panel, which upheld the trial judge's June ruling.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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