Summary of “AT&T-Time Warner Merger Approved – Variety”

WASHINGTON – AT&T’s $85.4 billion proposed merger with Time Warner can proceed and does not pose antitrust problems, a federal judge ruled on Tuesday.
His decision is a defeat for the Justice Department’s Antitrust Division, which challenged the vertical merger by arguing that it would ultimately cost consumers.
To stop the merger from going forward pending an appeal, the government would likely have to prove that there was a good chance they will succeed in their case and the merger moving forward would cause irreparable harm, Kimmelman said.
AT&T and Time Warner announced an agreement for a $85.4 billion merger on Oct. 22, 2016, but the deal quickly got swept up in the presidential race.
Donald Trump said that he would block the merger because it was “Too much concentration of power in the hands of too few.”
Before Makan Delrahim was nominated as the new antitrust chief, he said on Canadian TV that he didn’t see the merger as a “Major antitrust problem.” Delrahim later noted in that same interview that the transaction would raise concerns.
The division filed suit on Nov. 20, 2017, claiming that the merger would give increased leverage against rivals, driving up the prices competitors pay for the Turner networks.
Petrocelli attacked Shapiro’s methodology for concluding that the merger would result in a price increase of 45 cents per month per pay TV subscriber.

The orginal article.