U.S. appeals court says AT&T deal to buy Time Warner is legal

February 26, 2019

WASHINGTON (Reuters) – A U.S. appeals court upheld on Tuesday a lower court ruling that wireless and satellite TV provider AT&T Inc’s deal to buy content maker Time Warner for $85.4 billion was legal under antitrust law.

The three-judge panel on the U.S. Court of Appeals for the District of Columbia ruled per curiam, or unanimously, in favor of the deal.

(Reporting by Diane Bartz; Editing by Chizu Nomiyama)

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