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AT&T gets approval to buy Time Warner for $85 billion; deal tentatively closes June 20th

5 days ago   |   By Phone Arena

AT&T has just increased its standing as a media giant after U.S. District Judge Richard Leon's ruling today that paves the way for the company to complete its purchase of Time Warner for $85 billion. The transaction will close on June 20th and makes AT&T the new owner of CNN, HBO, TNT and TBS. It also gives the company ownership of the iconic Time Warner movie studio and a large inventory of film titles including the Batman and Harry Potter series.
UPDATE: The DOJ has decided not to appeal the approval of the AT&T-Time Warner merger and will no longer challenge ...
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New York threatens to revoke Charter's purchase of Time Warner Cable

New York threatens to revoke Charter's purchase of Time Warner Cable

5 days ago   |   By Ars Technica

The New York State Public Service Commission today ordered Charter Communications to pay a $2 million fine and complete broadband construction that was required as a condition of Charter's purchase of Time Warner Cable.
If Charter doesn't meet its merger-related obligations, the company will "face the risk of having the merger revoked," the commission said in an announcement. The commission said that state law gives it the authority to rescind merger approvals and threatened to start a proceeding to rescind or change the merger approval order if Charter refuses to comply.
The threatened...
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