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AT&T Defeats U.S. Bid to Kill $85 Billion Time Warner Deal

  • Blow to antitrust chief out to get tough on vertical mergers
  • Government’s next merger decision is T-Mobile’s Sprint deal
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AT&T Defeats U.S. Appeal to Undo Time Warner Purchase
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AT&T Inc. beat back another effort by the U.S. to undo its purchase of Time Warner, cementing an $85 billion deal to help it compete with Netflix Inc.

The U.S. Appeals Court in Washington said Tuesday the Justice Department failed to establish that a lower-court judge made a clear error when he rejected the government’s case that AT&T should be blocked from buying Time Warner on antitrust grounds. The department has no plans to seek further review.