Transcript for AT&T, Time Warner cleared to merge
A federal judge has cleared the way for AT&T to merge with Time Warner. The merger could be finalized in just a matter of days and could mean big changes for consumers affecting the shows you watch and the cell phone bill you pay. ABC's Jimmy Norman is Washington with the details good morning shenae. Victor good morning so this is at a huge acquisition for AT&T. That makes the mobile company extremely powerful and this ruling could set the stage for other big mergers. The 85 billion dollar merger approved. On behalf of everyone and AT&T and Time Warner of we are gratified. With the ports decision. To categorically rejects. The government's bid. To block this historic merger a federal judge clearing the way for AT&T to acquire Time Warner making the mobile carrier more like an Amazon are now. Flicks as AT&T takes over networks like HBO CNN TBS Ian TNT. For eighteen to users that could mean more of that content right on your phone president trumps strongly oppose the deal since it was announced. A deal we will not approve in my administration. Because it's too much concentration of power. In the hands of too few. The Justice Department arguing the merger would lead to fewer choices for consumers and higher prices for television and Internet. But the judge ruling the Justice Department had made its case brought. That does not change our view that structural remedy is the best way to protect American consumers. Lawyers for eighteen TC the company will be racing to close the deal within the next week. Adding consumers could see a drop in prices as the evidence in the trial showed this will only serve to benefit consumers. Applicants it could soon see other corporations and brush to make deals also there's this spring T-Mobile deal that's already been proposed. And Disney ABC's parent company bidding to buy part of 21 century fox could have some competition if Comcast start to bidding war Victor and Diane. An enormous force in DC thank you Jeanette.
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