AT&T wins (again): Insights from the appeal

On 26 February 2019 AT&T won its appeal at the U.S. Court of Appeals for the District of Columbia Circuit when the district court's decision denying the government's attempt to block AT&T from acquiring Time Warner Inc. was upheld.

This ends a lengthy antitrust saga that began with AT&T and Time Warner's merger announcement over two years ago in October 2016. Following an in-depth investigation, the U.S. Department of Justice (DOJ) Antitrust Division filed a complaint to block AT&T's acquisition of Time Warner in November 2017. Shortly after the district court decision in favor of AT&T in June 2018, the government confirmed that it would not seek to stay the merger pending an appeal and would allow AT&T to close its transaction on the condition that AT&T would continue to hold separate Turner networks (including Time Warner's HBO, CNN, TBS, and TNT assets) through 28 February 2019. The government filed a notice of appeal in July 2018.

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