- Update 6/15/18: Time Warner is changing its name to WarnerMedia now that its $85 billion deal with AT&T has closed, and Turner CEO John Martin is departing the company, according to an internal memo from an AT&T executive.
- A federal judge ruled in favor of AT&T (T) in its drawn-out legal battle with the Justice Department.
- The ruling could reshape the media landscape, setting the stage for other deals. Comcast (CMCSA), for instance, has been waiting on the AT&T/Time Warner ruling before deciding whether to engage in a bidding war with WaltDisney (DIS) over the bulk of 21st Century Fox's (FOXA) assets.
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Wednesday, June 13, 2018
-=Federal judge : AT&T (T) can acquire Time Warner (TWX) without any conditions
Labels:
mergers & acquisitions,
name changes,
T,
TWX
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