Back when he was campaigning for the presidency, Donald Trump said his administration would block the deal, and certainly, the DOJ sued to stop the merger, arguing it might harm competitors.
Last month, nevertheless, U.S. District Court Judge Richard J. Leon dominated that the deal might transfer ahead with out circumstances. He said from the bench, “The court docket has now spoken. … The defendants have gained” — and the deal closed later that week.
The deal additionally appeared to set the stage for much more consolidation between telecom and media corporations, main Comcast to challenge Disney for ownership of Fox’s film and TV assets. (TechCrunch was already a really small a part of this pattern, since we’re owned by Verizon.)
“The Court’s resolution might hardly have been extra thorough, fact-based, and well-reasoned,” stated AT&T General Counsel David McAtee in a statement. “While the losing party in litigation always has the right to appeal if it wishes, we are surprised that the DOJ has chosen to do so under these circumstances. We are ready to defend the Court’s decision at the D.C. Circuit Court of Appeals.”