The Presidential Daily Brief


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    AT&T Wins Court Approval to Acquire Time Warner

    It was only a matter of time. A federal judge has ruled the multinational telecommunications conglomerate can move forward with its $80 billion acquisition of Time Warner Inc., a decision that could open the door for other pay-TV companies to buy content producers. District Judge Richard Leon rejected the Justice Department’s argument that the merger gives AT&T unfair leverage, upending President Trump’s campaign promise to block it. The deal is expected to go forward June 21 unless federal authorities request a stay — which Leon said would be “manifestly unjust.”

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