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AT&T’s Time Warner takeover wins decide’s approval

WASHINGTON — A federal decide on Tuesday authorised the blockbuster merger between AT&T and Time Warner, rebuffing the federal government’s effort to dam the $85.four billion deal, in a call that’s anticipated to unleash a wave of takeovers in company America.

The decide, Richard Leon of the U.S. District Court docket in Washington, mentioned the Justice Division had not proved that the telecommunications firm’s acquisition of Time Warner would result in fewer decisions for shoppers and better costs for tv and web companies.

The merger would create a media and telecommunications powerhouse, reshaping the panorama of these industries.

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