WASHINGTON – AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after it reached an agreement with U.S. antitrust regulators.
The deal, first announced in October 2016, was opposed by President Donald Trump. AT&T was sued by the Justice Department, but won approval from a judge to move forward with the deal on Tuesday following a six-week trial.
The Justice Department still has 60 days to appeal the decision by U.S. District Judge Richard Leon.