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<\/span><\/figcaption><\/figure> WASHINGTON: AT&T<\/a> Inc won court approval on Tuesday to buy Time Warner<\/a> Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump's administration to block the deal and likely setting off a wave of corporate mergers.

The deal, which could close next week, is seen as a turning point for a media industry<\/a> that has been upended by companies like Netflix Inc and Alphabet Inc's Google which produce content and sell it online directly to consumers, without requiring a pricey cable subscription. Cable, satellite and wireless carriers all see buying content companies as a way to add revenue.

Trump, a frequent detractor of Time Warner's CNN and its coverage, denounced the deal when it was announced in October 2016. U.S. District Judge Richard Leon found little to support the government's arguments that the deal would harm consumers, calling one position \"gossamer thin\" and another \"poppycock.\"

The ruling could also prompt a cascade of pay TV companies buying television and movie makers, with Comcast<\/a> Corp's bid for some Twenty-First Century Fox Inc assets potentially the first out of the gate.

The merger, including debt, would be the fourth largest deal ever attempted in the global telecom, media and entertainment space, according to Thomson Reuters data. It would also be the 12th largest deal in any sector, the data showed.

In a scathing opinion https:\/\/bit.ly\/2Jxx6qE, Leon concluded that the government had failed to show competitive harm and urged the U.S. government not to seek a stay of his ruling pending a potential appeal, saying it would be \"manifestly unjust\" to do so and not likely to succeed.

\"That's a legal shocker,\" said J.B. Heaton, an attorney and consultant on litigation and regulatory proceedings. \"I think we'll see now that companies will be much more confident about vertical mergers,\" he added, referring to deals where a company merges with a supplier.

Shares of AT&T fell about 1.3 percent in after-hours trade following the decision, while Time Warner rose more than 5 percent.

Twenty-First Century Fox jumped 7 percent in extended trade after the ruling on expectations that Comcast and Walt Disney Co could start a bidding war to acquire its media assets. Comcast and Walt Disney dropped 4.3 percent and 1.8 percent, respectively.

Shares of other media and telecom companies also rose, including T-Mobile US Inc , Sprint Corp , CBS Corp , Dish Network<\/a> Corp , Discovery Inc and Viacom Inc .

\"This will be a blockbuster summer for media mergers,\" said Mary Ann Halford, senior adviser to OC&C Strategy Consultants.

Shares of Express Scripts Holding Co , which is set to be bought by Cigna Corp for $52 billion, rose 4.8 percent, while shares of health insurer Aetna Inc , due to be acquired by CVS Health Corp for $69 billion, rose 3.6 percent.

Opponents of the AT&T decision also predicted more deals.

\"Consumers should fear a cascade of unchecked mergers and acquisitions<\/a> to further consolidate the telecom industry resulting in less choice, fewer competitors and higher prices,\" Senator Richard Blumenthal, a Democrat, said in a statement.

The Justice Department filed a lawsuit to stop the deal in November 2017, saying that AT&T's ownership of both DirecTV<\/a> and Time Warner would give AT&T unfair leverage against rival cable providers that relied on Time Warner's content, such as CNN and HBO's \"Game of Thrones.\"

Leaving the courtroom, Makan Delrahim, head of the Justice department's antitrust division, said that he would read the judge's opinion before making a decision on an appeal.

The Justice Department is not likely to be put off by the loss, said Amy Ray of the law firm Cadwalader, Wickersham & Taft LLP, noting it had prevailed in stopping other mergers between rivals.

\"Put me on the side of the fence of thinking that AAG (Makan) Delrahim is interested in challenging the next problematic vertical transaction,\" she said.

Cornell law professor George Hay added that the ruling found the government's evidence lacking, rather than a broader determination of how vertical mergers affected competition.

AT&T in a six-week trial argued that the purchase of Time Warner would allow it to gain information about viewers needed to target digital advertising, much like Facebook Inc and Google already do.

AT&T can use the content from Time Warner to fill its streaming services DirecTV Now and soon-to-be-launched AT&T Watch, which are cheaper online video packages with fewer channels. That could give it a leg up over rival live streaming platforms that do not own content, media analysts have said.

AT&T applauded the court's decision and said it expected to close the merger before the June 21 contractual deadline.

The government estimated costs to industry rivals, such as Charter Communications Inc , would increase by $580 million a year if AT&T owned Time Warner.

Before the trial started, AT&T lawyers said the Time Warner deal may have been singled out for government enforcement but the judge rejected their bid to force the disclosure of White House communications that might have shed light on the matter.

The deal cost AT&T's top lobbyist, Bob Quinn, his job in May after it became public that AT&T had paid Trump's personal lawyer Michael Cohen $600,000 for advice on winning approval.

Burns McKinney, a portfolio manager at Allianz Global Investors who owns AT&T, said he would not say the telecoms company had won a huge victory.

\"It's more that they just didn't lose. You always wonder in these cases if there's a winner's curse, given the risk (AT&T) can't get the desired synergies and they're taking on a lot of debt with the merger,\" he said.<\/body>","next_sibling":[{"msid":64566764,"title":"RIL completes acquisition of 73% stake in AI firm Embibe","entity_type":"ARTICLE","link":"\/news\/ril-completes-acquisition-of-73-stake-in-ai-firm-embibe\/64566764","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":64566838,"entity_type":"ARTICLE","title":"AT&T wins court approval to buy Time Warner over Trump opposition","synopsis":"The merger, including debt, would be the fourth largest deal ever attempted in the global telecom, media and entertainment space, according to Thomson Reuters data.","titleseo":"telecomnews\/att-wins-court-approval-to-buy-time-warner-over-trump-opposition","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"REUTERS","artdate":"2018-06-13 09:23:39","lastupd":"2018-06-13 09:23:39","breadcrumbTags":["time warner","mergers and acquisitions","AT&T","Comcast","Industry","Dish Network","DirecTV","international","Washington, D.C."],"secinfo":{"seolocation":"telecomnews\/att-wins-court-approval-to-buy-time-warner-over-trump-opposition"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2018-06-13" data-index="article_1">

AT&T赢得法院批准收购时代华纳在特朗普的反对

合并,包括债务,将会在全球第四大交易电信、媒体和娱乐空间,根据汤森路透的数据。

  • 发表在2018年6月13日09:23点坚持
华盛顿:美国电话电报公司(AT&T)公司周二获得法院批准购买时代华纳公司以850亿美元的价格,拒绝美国总统唐纳德·特朗普的政府试图阻止这笔交易,可能引发一波企业合并。

这笔交易,这可能下周,媒体被看作是一个转折点行业已经颠覆了Netflix Inc .和字母表(aapl . o:行情)等公司的谷歌产生内容和在线直接向消费者出售,不需要昂贵的有线电视订阅。有线电视、卫星电视和无线运营商都看到购买内容公司来增加收入。

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特朗普,频繁的时代华纳的诽谤者的CNN和覆盖率,谴责2016年10月宣布这笔交易的时候。美国地区法官理查德·莱昂发现小支持政府的论点,这笔交易将损害消费者,调用一个位置“蛛丝薄”,另一个是“胡说”。

执政党还可能引发一连串的付费电视公司购买电视和电影制造商康卡斯特公司集团收购一些21世纪福克斯公司资产潜在的第一个门。

合并,包括债务,将会在全球第四大交易电信、媒体和娱乐空间,根据汤森路透的数据。这也将是第12大交易在任何领域,数据显示。

在一份措辞严厉的舆论https://bit。ly / 2 jxx6qe,莱昂得出结论,政府未能显示竞争伤害,并敦促美国政府没有寻求保持他的执政悬而未决的一个潜在的吸引力,说它是“明显不公正的”,不可能成功。

说:“这是一个法律人J.B.希顿,一位律师和顾问在诉讼和监管程序。“我认为我们将看到现在,公司将更有信心垂直合并,”他补充道,指交易,公司与供应商合并。

美国电话电报公司的股票在盘后交易中下跌了1.3%之后,决定,而时代华纳上涨逾5%。

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21世纪福克斯执政在盘后交易中上涨7%,因预期Comcast和华特-迪士尼公司开始收购它的媒体资产的竞购战。康卡斯特和迪斯尼下降了4.3%和1.8%,分别。

其他媒体和电信公司的股价也上涨,包括t - mobile美国公司Sprint公司,哥伦比亚广播公司,菜网络公司,发现公司和维亚康姆公司。

“这将是一个轰动一时的夏天对媒体并购,“玛丽安哈尔福德说,战略咨询公司OC&C高级顾问。

Express Scripts控股有限公司的股票,这将是由信诺集团以520亿美元的价格购买,上升了4.8%,虽然健康保险商Aetna公司的股票,由于收购CVS健康集团以690亿美元的价格,上涨了3.6%。

美国电话电报公司(AT&T)的反对者的决定也预示着更多的交易。

“消费者应该担心一连串不合并和收购进一步巩固电信行业导致更少的选择,更少的竞争对手和更高的价格,”民主党参议员理查德•布卢门撒尔在一份声明中说。

美国司法部提起诉讼来阻止这笔交易在2017年11月,说美国电话电报公司的所有权DirecTV和时代华纳将给美国电话电报公司(AT&T)不公平利用竞争对手有线电视提供商依赖时代华纳的内容,如CNN和HBO的“权力的游戏”。

离开法庭,Makan Delrahim,司法部反垄断部门负责人说,他会读法官的意见在做决定之前,上诉。

司法部不可能推迟的损失,艾米·雷说律师事务所(Cadwalader, Wickersham & Taft LLP注意盛行阻止其他竞争对手的合并。

“把我旁边的栅栏认为亚美大陆煤层气有限公司(Makan) Delrahim挑战下一个有问题的垂直事务感兴趣,”她说。

康奈尔大学法学教授乔治干草补充说,执政党发现政府缺乏证据,而不是一个更广泛的垂直并购如何影响竞争的决心。

AT&T在六周的审理认为,收购时代华纳将使其获得观众需要目标数字广告信息,就像Facebook和谷歌已经这样做了。

从时代华纳AT&T可以使用内容来填补它的流媒体服务DirecTV现在即将发射AT&T手表,这是廉价的在线视频包渠道较少。可以给它一个腿在对手直播平台,没有自己的内容,媒体分析师表示。

AT&T对法庭的判决表示欢迎,并称预计在6月21日之前关闭合并合同期限。

政府估计成本行业竞争对手,如特许通信公司,每年将增加5.8亿美元如果AT&T拥有时代华纳。

在审判开始之前,美国电话电报公司(AT&T)的律师说,时代华纳(Time Warner)的交易可能已经指出了政府执法但法官拒绝了他们试图迫使白宫披露通讯可能阐明这个问题。

交易成本AT&T首席说客,鲍勃奎因,他的工作后,5月成为公众,美国电话电报公司支付了超过600000美元私人律师迈克尔·科恩建议获得批准。

烧伤麦金尼,安联全球投资者谁拥有美国电话电报公司的一位投资组合经理,说他不会说,电信公司赢得了一个巨大的胜利。

“这是更多的,他们只是没有失去。你总是想知道在这种情况下如果有一个赢家的诅咒,考虑到风险(AT&T)不能得到预期的协同效应和他们承担大量的债务合并,”他说。
  • 发表在2018年6月13日09:23点坚持
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  • AT&T赢得法院批准收购时代华纳在特朗普的反对
\"\"
<\/span><\/figcaption><\/figure> WASHINGTON: AT&T<\/a> Inc won court approval on Tuesday to buy Time Warner<\/a> Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump's administration to block the deal and likely setting off a wave of corporate mergers.

The deal, which could close next week, is seen as a turning point for a media industry<\/a> that has been upended by companies like Netflix Inc and Alphabet Inc's Google which produce content and sell it online directly to consumers, without requiring a pricey cable subscription. Cable, satellite and wireless carriers all see buying content companies as a way to add revenue.

Trump, a frequent detractor of Time Warner's CNN and its coverage, denounced the deal when it was announced in October 2016. U.S. District Judge Richard Leon found little to support the government's arguments that the deal would harm consumers, calling one position \"gossamer thin\" and another \"poppycock.\"

The ruling could also prompt a cascade of pay TV companies buying television and movie makers, with Comcast<\/a> Corp's bid for some Twenty-First Century Fox Inc assets potentially the first out of the gate.

The merger, including debt, would be the fourth largest deal ever attempted in the global telecom, media and entertainment space, according to Thomson Reuters data. It would also be the 12th largest deal in any sector, the data showed.

In a scathing opinion https:\/\/bit.ly\/2Jxx6qE, Leon concluded that the government had failed to show competitive harm and urged the U.S. government not to seek a stay of his ruling pending a potential appeal, saying it would be \"manifestly unjust\" to do so and not likely to succeed.

\"That's a legal shocker,\" said J.B. Heaton, an attorney and consultant on litigation and regulatory proceedings. \"I think we'll see now that companies will be much more confident about vertical mergers,\" he added, referring to deals where a company merges with a supplier.

Shares of AT&T fell about 1.3 percent in after-hours trade following the decision, while Time Warner rose more than 5 percent.

Twenty-First Century Fox jumped 7 percent in extended trade after the ruling on expectations that Comcast and Walt Disney Co could start a bidding war to acquire its media assets. Comcast and Walt Disney dropped 4.3 percent and 1.8 percent, respectively.

Shares of other media and telecom companies also rose, including T-Mobile US Inc , Sprint Corp , CBS Corp , Dish Network<\/a> Corp , Discovery Inc and Viacom Inc .

\"This will be a blockbuster summer for media mergers,\" said Mary Ann Halford, senior adviser to OC&C Strategy Consultants.

Shares of Express Scripts Holding Co , which is set to be bought by Cigna Corp for $52 billion, rose 4.8 percent, while shares of health insurer Aetna Inc , due to be acquired by CVS Health Corp for $69 billion, rose 3.6 percent.

Opponents of the AT&T decision also predicted more deals.

\"Consumers should fear a cascade of unchecked mergers and acquisitions<\/a> to further consolidate the telecom industry resulting in less choice, fewer competitors and higher prices,\" Senator Richard Blumenthal, a Democrat, said in a statement.

The Justice Department filed a lawsuit to stop the deal in November 2017, saying that AT&T's ownership of both DirecTV<\/a> and Time Warner would give AT&T unfair leverage against rival cable providers that relied on Time Warner's content, such as CNN and HBO's \"Game of Thrones.\"

Leaving the courtroom, Makan Delrahim, head of the Justice department's antitrust division, said that he would read the judge's opinion before making a decision on an appeal.

The Justice Department is not likely to be put off by the loss, said Amy Ray of the law firm Cadwalader, Wickersham & Taft LLP, noting it had prevailed in stopping other mergers between rivals.

\"Put me on the side of the fence of thinking that AAG (Makan) Delrahim is interested in challenging the next problematic vertical transaction,\" she said.

Cornell law professor George Hay added that the ruling found the government's evidence lacking, rather than a broader determination of how vertical mergers affected competition.

AT&T in a six-week trial argued that the purchase of Time Warner would allow it to gain information about viewers needed to target digital advertising, much like Facebook Inc and Google already do.

AT&T can use the content from Time Warner to fill its streaming services DirecTV Now and soon-to-be-launched AT&T Watch, which are cheaper online video packages with fewer channels. That could give it a leg up over rival live streaming platforms that do not own content, media analysts have said.

AT&T applauded the court's decision and said it expected to close the merger before the June 21 contractual deadline.

The government estimated costs to industry rivals, such as Charter Communications Inc , would increase by $580 million a year if AT&T owned Time Warner.

Before the trial started, AT&T lawyers said the Time Warner deal may have been singled out for government enforcement but the judge rejected their bid to force the disclosure of White House communications that might have shed light on the matter.

The deal cost AT&T's top lobbyist, Bob Quinn, his job in May after it became public that AT&T had paid Trump's personal lawyer Michael Cohen $600,000 for advice on winning approval.

Burns McKinney, a portfolio manager at Allianz Global Investors who owns AT&T, said he would not say the telecoms company had won a huge victory.

\"It's more that they just didn't lose. You always wonder in these cases if there's a winner's curse, given the risk (AT&T) can't get the desired synergies and they're taking on a lot of debt with the merger,\" he said.<\/body>","next_sibling":[{"msid":64566764,"title":"RIL completes acquisition of 73% stake in AI firm Embibe","entity_type":"ARTICLE","link":"\/news\/ril-completes-acquisition-of-73-stake-in-ai-firm-embibe\/64566764","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":64566838,"entity_type":"ARTICLE","title":"AT&T wins court approval to buy Time Warner over Trump opposition","synopsis":"The merger, including debt, would be the fourth largest deal ever attempted in the global telecom, media and entertainment space, according to Thomson Reuters data.","titleseo":"telecomnews\/att-wins-court-approval-to-buy-time-warner-over-trump-opposition","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"REUTERS","artdate":"2018-06-13 09:23:39","lastupd":"2018-06-13 09:23:39","breadcrumbTags":["time warner","mergers and acquisitions","AT&T","Comcast","Industry","Dish Network","DirecTV","international","Washington, D.C."],"secinfo":{"seolocation":"telecomnews\/att-wins-court-approval-to-buy-time-warner-over-trump-opposition"}}" data-news_link="//www.iser-br.com/news/att-wins-court-approval-to-buy-time-warner-over-trump-opposition/64566838">