time warner attAT&T this afternoon announced that it has completed its acquisition of Time Warner, just two days after a U.S. District Court Judge ruled that the merger could move forward.

"The content and creative talent at Warner Bros., HBO and Turner are first-rate. Combine all that with AT&T's strengths in direct-to-consumer distribution, and we offer customers a differentiated, high-quality, mobile-first entertainment experience," said Randall Stephenson, chairman and CEO of AT&T Inc. "We're going to bring a fresh approach to how the media and entertainment industry works for consumers, content creators, distributors and advertisers."

The news comes after the United States Justice Department said that it would not seek a stay to stop the merger from happening. The DoJ can, however, appeal the decision if it chooses to do so even after the completion of the merger.

In a statement earlier this week, the DoJ said it believes that the merger between the two companies will make the pay TV market "less competitive and less innovative."

AT&T's purchase of Time Warner had been on hold since November, when the Justice Department filed a lawsuit to put a stop to it based on the argument that it would lead to higher bills and fewer options for consumers.

AT&T's successful acquisition of Time Warner and the judge's ruling in favor of the two companies has already had an impact on the television market, with Comcast moving forward with a $65 billion all-cash offer for Fox's assets.

Top Rated Comments

crescentmoon Avatar
77 months ago
AT&T will raise content prices slowly and under the radar.... Also little throttle here... a little there for internet speeds....
Score: 9 Votes (Like | Disagree)
TiggrToo Avatar
77 months ago
So, with net neutrality now dead, is there any reason to believe AT&T could restrict Time Warner content to AT&T subscribers?
No, it would be total and absolute commercial suicide for the brand.
Score: 8 Votes (Like | Disagree)
tennisproha Avatar
77 months ago
It's amazing how people come out of the woodwork to actually defend the corporation that's about to screw them. That is the real kool-aid. ATT doesn't give a **** about any of you.
Score: 8 Votes (Like | Disagree)
Statusnone88 Avatar
77 months ago
Whelp...

Attachment Image
Score: 7 Votes (Like | Disagree)
Dimwhit Avatar
77 months ago
Just not seeing this as a good thing for consumers in the long run.
Score: 6 Votes (Like | Disagree)
kappaknight Avatar
77 months ago
So, with net neutrality now dead, is there any reason to believe AT&T won’t restrict Time Warner content to AT&T subscribers?
If anything, I think that would just promote more pirating of content.
Score: 4 Votes (Like | Disagree)

Popular Stories

iPhone 15 Pro FineWoven

Apple Reportedly Stops Production of FineWoven Accessories

Sunday April 21, 2024 6:03 am PDT by
Apple has stopped production of FineWoven accessories, according to the Apple leaker and prototype collector known as "Kosutami." In a post on X (formerly Twitter), Kosutami explained that Apple has stopped production of FineWoven accessories due to its poor durability. The company may move to another non-leather material for its premium accessories in the future. Kosutami has revealed...
Provenance Emulator

PlayStation and SEGA Emulator for iPhone and Apple TV Coming to App Store [Updated]

Friday April 19, 2024 8:29 am PDT by
The lead developer of the multi-emulator app Provenance has told iMore that his team is working towards releasing the app on the App Store, but he did not provide a timeframe. Provenance is a frontend for many existing emulators, and it would allow iPhone and Apple TV users to emulate games released for a wide variety of classic game consoles, including the original PlayStation, GameCube, Wii,...
iOS 17 All New Features Thumb

iOS 17.5 Will Add These New Features to Your iPhone

Sunday April 21, 2024 3:00 am PDT by
The upcoming iOS 17.5 update for the iPhone includes only a few new user-facing features, but hidden code changes reveal some additional possibilities. Below, we have recapped everything new in the iOS 17.5 and iPadOS 17.5 beta so far. Web Distribution Starting with the second beta of iOS 17.5, eligible developers are able to distribute their iOS apps to iPhone users located in the EU...
apple vision pro orange

Apple Vision Pro Customer Interest Dying Down at Some Retail Stores

Monday April 22, 2024 2:12 am PDT by
Apple Vision Pro, Apple's $3,500 spatial computing device, appears to be following a pattern familiar to the AR/VR headset industry – initial enthusiasm giving way to a significant dip in sustained interest and usage. Since its debut in the U.S. in February 2024, excitement for the Apple Vision Pro has noticeably cooled, according to Bloomberg's Mark Gurman. Writing in his latest Power On...
top stories 20apr2024

Top Stories: Nintendo Emulators on App Store, Two New iOS 17 Features, and More

Saturday April 20, 2024 6:00 am PDT by
It was a big week for retro gaming fans, as iPhone users are starting to reap the rewards of Apple's recent change to allow retro game emulators on the App Store. This week also saw a new iOS 17.5 beta that will support web-based app distribution in the EU, the debut of the first hotels to allow for direct AirPlay streaming to room TVs, a fresh rumor about the impending iPad Air update, and...