It’s crazy to me how one judge gets to decide the fate of a 100 billion dollar merger. Humans are fallible.
AT&T Cleared by Judge to Buy Time Warner
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Re: AT&T Cleared by Judge to Buy Time Warner
#22The DOJ had tried to stop the deal[1] but it appears that the court ruled it could carry on [2].
Assistant Attorney General Makan Delrahim said in a statement the DOJ was "disappointed
with the Court's decision today. We continue to believe that the pay-TV market will be
less competitive and less innovative as a result of the proposed merger between AT&T and
Time Warner. We will closely review the Court's opinion and consider next steps in light
of our commitment to preserving competition for the benefit of American consumers."
[2]: https://www.cbsnews.com/news/judge-rules-on-att-time-warner-...
Re: AT&T Cleared by Judge to Buy Time Warner
#23[deleted]
Re: AT&T Cleared by Judge to Buy Time Warner
#24This is a distribution company -- internet, cable TV, satellite -- acquiring a content company (the communications portion of Time Warner was spun off as Spectrum). Isn't this just a vertical integration?
Re: AT&T Cleared by Judge to Buy Time Warner
#25I'm so glad the end of Net Neutrality has ushered in an era of unprecedented competition in the broadband market. EDIT: Yes, this acquisition is of the content division of Time Warner, not the ISP, which was previously acquired — by another broadband provider , mooting my general point how, again?
Another comment [1] indicated that "this isn't the internet Time Warner (...) this is the entertainment Time Warner".
Is that correct? (I'm not familiar with the US broadband market)
Re: AT&T Cleared by Judge to Buy Time Warner
#26Why does the date on the article say 2016?
The article is probably the original announcement. The merger was approved today [1].
https://www.wsj.com/articles/judge-is-set-to-decide-whether-...
Re: AT&T Cleared by Judge to Buy Time Warner
#27Dislike
Re: AT&T Cleared by Judge to Buy Time Warner
#28>to lead the next generation in innovation. Meanwhile I have 300k internet in Pasadena, CA. That's the fastest they offer. My roommate doesn't care and won't upgrade to Spectrum. Why is it whenever I read the above it means the opposite?
How much AT&T Time Warner stock does your roomate own?!
None. He's a luddite.
Re: AT&T Cleared by Judge to Buy Time Warner
#29Yet more media consolidation. And this one has the inherent conflicts of interest you get when a distributor buys out a producer. And of course the idea of protecting the public interest isn't a thing anymore in DC.
To be fair, the DOJ actually tried to stop this but was overruled by the courts.
Re: AT&T Cleared by Judge to Buy Time Warner
#30Why does the date on the article say 2016?
Because it's from 2016, that's when the acquisition was originally announced (check the internet archive). The real news is that the court just approved the acquisition: http://about.att.com/story/att_to_acquire_time_warner.html