Judge Clears AT&T, Time Warner to Close Deal

Mony
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WASHINGTON—U.S. District Judge Richard Leon on Thursday authorized ATT Inc. to complete its purchase of Time Warner Inc., after the Justice Department decided not to request a delay that could 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, which entitled Time Warner to a $500 million payment if missed.

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