WASHINGTON, DC (24/7 News Source/WBZ-AM) -- A federal judge is clearing the way for AT&T to buy Time Warner.
The Justice Department sued to block the $85-billion dollar mega-merger last year citing, antitrust concerns and possible higher prices for consumers.
The judge issued the decision today following a six-week trial in one of the largest antitrust cases in decades.
In a statement to WBZ NewsRadio1030 David McAtee, General Counsel with AT&T said that it applauded the decision by the court:
“We are pleased that, after conducting a full and fair trial on the merits, the Court has categorically rejected the government’s lawsuit to block our merger with Time Warner. We thank the Court for its thorough and timely examination of the evidence, and we compliment our colleagues at the Department of Justice on their dedicated representation of the government. We look forward to closing the merger on or before June 20 so we can begin to give consumers video entertainment that is more affordable, mobile, and innovative.
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