More programming, he added, will likely come out of the deal.
The merger was approved without any conditions, a stunning rebuke of the government's case. The judge found similar deficiencies in the government's other theory of harm to customers: that the deal would stunt development of streaming services and prevent competitors from gaining access to HBO. He called one of the government's positions "gossamer thin" and another "poppycock".
But Delrahim swore to the court that he was not influenced by the White House, and Leon stopped most of the arguments about political interference from entering the trial. With no phones or computers allowed into the courtroom, and attendees required to stay until after the judge had left the courtroom, the public was left in the dark for almost 40 minutes Tuesday afternoon as they awaited the decision.
Comcast is widely expected to bid within days for part of 21st Century Fox. Comcast said last month that its new offer would be at least as favorable to Fox shareholders as Disney's terms. Fox shares spiked on news of the judge's decision. Facebook, for example, has been edging toward become a media company of its own and has been rumored to be exploring building its own phones.
Even worse for the company, Disney's bid is said to be all-stock, which means that if the shares fall as a result of the court's decision, Disney's bid may be even less attractive.
We thank the Court for its thorough and timely examination of the evidence, and we compliment our colleagues at the Department of Justice on their dedicated representation of the government.
US Senators Have A New Plan To Wreck ZTE, Despite Trump's Deal
President Donald Trump , however, swooped in to save ZTE after negotiating with the Chinese government. He said the speed of the pushback, and the striking bipartisan coalition - chief sponsors include Sen.
Comcast said it is confident it will win regulatory approval and that its new offer "fully addresses" the stated concerns.
The merger, including debt, would be the fourth largest deal ever attempted in the global telecom, media and entertainment space, according to Thomson Reuters data.
But the antitrust division of Justice Department sued in November 2017 to stop it, arguing that the combination would harm competition and raise prices for consumers. All of this competition among network providers and content creators has been great for consumers, but it's hurting AT&T's bottom line. The new $65 billion offer from Comcast also includes a $2.5 billion reverse breakup fee if the deal is struck down by the government. However, in recent weeks, we've heard rumblings that Comcast was looking to make a more generous, all-cash offer...but is this something the government would allow?
But a changing corporate landscape and the rise of digital technology may have made those distinctions partly obsolete.
The two then had a long lunch in the Time Warner dining room in NY and agreed that their industries were under siege.
AT&T and Time Warner's lead lawyer, Daniel Petrocelli, said outside the courthouse that the companies were gratified and relieved. "The fact is that they've gotten a little easier, and we'll see a big flurry of deals".