It’s taken 20 months, more than 100 court filings and an army of attorneys. But AT&T’s battle with the government over the Time Warner merger may finally be reaching its conclusion.
That is, of course, unless the megamerger goes to appeals court.
A judge will rule today on whether Dallas-based AT&T can move forward with its acquisition of Time Warner. If approved, AT&T would become a major player in the entertainment business, along with being a wireless carrier and internet and pay-TV provider. It would become owner of prized TV networks like HBO, CNN and TNT and movie studio Warner Bros. AT&T says the merger would benefit customers by unleashing new products and allowing cost savings that would be passed on in pricing. But the government took a different point of view. It sued to stop the merger, saying the combined companies could strong-arm competitors and drive up prices for consumers.