US telecoms giant AT&T has completed its takeover of entertainment firm Time Warner after winning a court battle earlier this week.<\/p>\n
The more than $80bn (\u00a360.34bn) deal, which has been two years in the making, led to one of the largest US anti-trust lawsuits in decades.<\/p>\n
But a US district court judge cleared the marriage of the two giants on Tuesday without conditions.<\/p>\n
The merger could shake up the US media scene for years to come.<\/p>\n
The Trump administration’s argument was that the marriage between the two firms would harm consumers.<\/p>\n
But AT&T argued it needed to acquire Time Warner to compete with online streaming services like Amazon and Netflix.<\/p>\n
It is expected now that more content distribution companies will try to acquire content production companies.<\/p>\n
The landmark deal between the firms will see well-known franchises like Game of Thrones, Wonder Woman and CNN under the roof of America’s largest pay-tv provider.<\/p>\n
The Trump administration has 60 days to file an appeal, and says it is currently considering its options.<\/p>\n","protected":false},"excerpt":{"rendered":"
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