TWX Time Warner Inc. New

By Drew FitzGerald and Brent Kendall 

WASHINGTON -- U.S. District Judge Richard Leon on Thursday authorized AT&T Inc. to complete its purchase of Time Warner Inc., after the Justice Department decided not to request a delay that would have held up the combination.

On Tuesday, Judge Leon denied the Justice Department's attempt to block the deal and said the companies should be allowed to close their transaction before a June 20 deadline.

A Justice Department official said Thursday the government still hasn't decided whether it will appeal the decision, but the agency won't seek a stay, which would have held up the transaction while both sides continued to litigate the issue.

Write to Drew FitzGerald at andrew.fitzgerald@wsj.com and Brent Kendall at brent.kendall@wsj.com

(END) Dow Jones Newswires

June 14, 2018 17:57 ET (21:57 GMT)

Grafico Azioni Time Warner (NYSE:TWX)
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Da Dic 2024 a Gen 2025

Grafico Azioni Time Warner (NYSE:TWX)
Storico
Da Gen 2024 a Gen 2025