ATT-Time Warner deal: justice department loses appeal against merger
- Appeals court unanimously affirms ruling to approve deal
- Trump effort to block merger suffers probably decisive blow
A federal appeals court rejected the justice department’s second effort to undo AT&T’s $80bn purchase of Time Warner on Tuesday – dealing a probably decisive blow to opponents of the deal, including Donald Trump.
In its ruling the US court of appeals for the District of Columbia circuit unanimously affirmed a lower court ruling last June that found the 2018 deal was unlikely to harm competition.