AT&T fends off Trump's DoJ fight to block Time Warner merger
In a major blow to president trounced Justice Department.
Federal judge decided with AT&T. And allowing the company to buying media giant Time Warner.
And in an unexpected twist he didn't put any conditions are.
And DJ has argued. That allowing AT&T to buy Time Warner we hit the company.
Too much power.
And in so doing.
Could shut down its competitors ultimately leading to higher prices for consumers and fewer choices.
818 Time Warner's say they're not tied shut up.
There just trying to survive.
They see company news.
Like Amazon Netflix and Google as their competitors of the future.
In order for them to compete. With these companies replace cable giant.
It's they need to combine forces.
It usually AT&T and Time Warner is what's called a vertical merger.
These companies don't compete against each other.
Time Warner makes contents.
Eighteen T district. Historically the DOJ is in court these kinds of deals.
The consumer advocates and antitrust experts say that in in this kind of consolidation can be harmful to consumers.
And native like to see the Justice Department clamp down and such magnets.
It judge's decision and it fact that he didn't put any conditions on the likely signals to other big media. And broadcast companies like Comcast.
It deals that they're thinking and now we get the green light up.
So yeah I would expect to see a lot more measures being announced in the next few months.
Let's face it in media and Internet industries that salad.
That means that the companies that provide broadband wireless Barack sickening me Serena your favorite TV shows and movies.
But they're not easy is a good thing depends on you believe consumer advocates say that it's a bad because it'll raise prices and need fewer choices.
And Time Warner actually just the opposite yes time.