Tencent Technologies News, according to foreign media reports, a US federal judge on Tuesday approved the $85 billion AT
The Columbia District Court judge Richard Leon (Richard Leon) unconditionally passed the acquisition. Earlier, the U. S. Department of Justice filed a lawsuit claiming that it would damage the competition between cable and satellite television and improve consumers' cost of watching streaming television and movies.
After the deal was approved, AT, a telecoms and pay-TV giant,
This huge merger, AT,
Leon rejected the Justice Department's motion for a possible appeal to temporarily terminate the transaction.
The court's decision was a painful failure for the Justice Department. The proposed deal is so big and so serious that it forces federal antitrust lawyers to reconsider the legal principles that allow the merger of companies that are not directly competitive. The deal was first proposed in October 2016, and Donald Trump, the then-presidential candidate, was so upset that he promised to stop it when he came to power.
Leon's decision may affect the future anti - monopoly policy of the US government and may open the gate to the fast changing mergers and acquisitions in the entertainment and video content areas. At present, the major cable, satellite and telephone companies in the United States are vigorously buying entertainment assets to compete with the Amazon, Google and other giants from the Internet.
Us President Trump has always thought that AT