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AT&T's $85-Billion Deal For Time Warner Wins European Commission Nod

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AT&T's $85-Billion Deal For Time Warner Wins European Commission Nod

AT&T's planned acquisition of Time Warner still requires approval from the US Department of Justice.

AT&T Inc has won approval from the European Commission for its planned $85.4-billion acquisition of Time Warner Inc, the No. 2 US wireless carrier said on Wednesday.

The merger, which still requires approval from the US Department of Justice, is expected to close by the end of the year, AT&T said.

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During his election campaign, US President Donald Trump had said that he opposes the merger, and in January a transition official told Reuters that Mr Trump was still against the deal.

The US Federal Communications Commission does not expect to review the deal, a spokesman for the agency said last month.
© Thomson Reuters 2017


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