AT&T TO CLOSE DEAL FOR TIME WARNER, U.S. MAY STILL AP­PEAL

National Post (Latest Edition) - - FINANCIAL POST -

The U.S. gov­ern­ment and AT&T Inc. agreed on Thursday on con­di­tions that would al­low the wire­less com­pany to close its deal for

Time Warner Inc. while the Jus­tice Depart­ment con­sid­ers an ap­peal. In a joint fil­ing, the two sides agreed to cer­tain con­di­tions and asked a fed­eral judge to au­tho­rize the com­pa­nies to close their US$85-bil­lion merger. The gov­ern­ment has 60 days to ap­peal.

AT&T said it could close the deal as early as this week. Among the con­di­tions, AT&T agreed to man­age the Turner net­works sep­a­rately from the rest of AT&T Com­mu­ni­ca­tions and to have no role in set­ting Turner’s prices. The deal is seen as a turn­ing point for a me­dia in­dus­try that has been up­ended by com­pa­nies like Net­flix Inc and Al­pha­bet Inc’s Google.

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