Jun 15, 2018
AT&T completes its takeover of Time Warner
US telecoms giant AT&T has completed its takeover of entertainment firm Time Warner after winning a court battle earlier this week. A US district court judge cleared the marriage of the two giants on Tuesday without conditions. The Trump administration's argument was that the marriage between the two firms would harm consumers. AT&T argued it needed to acquire Time Warner to compete with online streaming services like Amazon and Netflix. It is expected now that more content distribution companies will try to acquire content production companies.
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