The AT&T-Time Warner merger is a go, court rules

The AT&T-Time Warner merger is a go, court rules

Comcast was "disappointed when [21st Century Fox] chose to enter into a transaction with The Walt Disney Company, even though we had offered a meaningfully higher price", Roberts wrote.

Disney made a $US52.4 billion all-stock bid for Fox, which was accepted in December. "This is even higher than the Street thought, which speaks to Comcast really wanting these key assets".

But after this latest development, it might not come to pass as Comcast has put together an impressive offer. That could lead to higher cable bills or make it more hard for online alternatives to emerge, though there is not yet evidence of either happening following other mergers. For example, Comcast is reportedly eager to gobble up some of 21st Century Fox's assets. The ruling comes one day after the repeal of net neutrality, meaning that AT&T now has more freedom to prioritize the delivery of select content on its network.

Things just got slightly more complicated in the ongoing saga of 21st Century Fox.

With Fox, Comcast would expand a portfolio that already includes USA television rights to the Olympics and comedy offerings such as Saturday Night Live. Both are also interested in expanding internationally at a time when the US television business is slowing.

NBCUniversal chief Steve Burke noted the upside of Fox's global presence, which would boost Comcast's worldwide revenue from 9% of the whole to 27%.

United Kingdom regulators have given the go ahead for that offer if Fox sells Sky News. It's unclear at the present time if Fox will stick with the Disney deal or start a potential bidding war.

FOX Business Network senior correspondent Charles Gasparino was first to report that Comcast was planning to announce its bid after market close.

North Korea Has Broad but Optimistic Reaction to Kim-Trump Summit
Trump says that "500 days ago they would have "begged" for this deal-looked like war would break out". If anything, shipping saw some small benefit from the moves to isolate North Korea economically.

Few showers, storms possible Tuesday: Hot and humid rest of the week
More moisture will work into the area, resulting in better coverage of PM showers and storms both Wednesday and Thursday . There will be a couple chances of showers and T'storms starting Friday night and going into the upcoming weekend.

New York Blood Center needs donors for summertime blood supply
"Each day blood and platelets are needed for accident and burn victims, heart surgery and organ transplant patients". B Negative is one of the rarest blood types.

Comcast, which already owns NBCUniversal, is the US's largest cable company and is likely to face regulatory scrutiny should Fox consider its bid. "The question is will Disney's board and management will go to the mat on this transaction".

AT&T Inc won approval from a U.S. court on Tuesday to buy Time Warner Inc for $85 billion, without conditions, allowing AT&T to compete with internet companies that dominate digital advertising and providing new sources of revenue.

AT&T is known to most Americans as a cell phone service provider while Time Warner owns giant media brands such as the HBO movie channel, the Warner Brothers movie studio and CNN.

In turn, that could drive up what consumers pay.

Initially AT&T and Time Warner planned to use a "selective enforcement" defense, alleging that the administration was blocking the deal because of Trump's dislike of CNN.

Disney wouldn't face the same issues because it isn't a television distributor as the way Comcast and AT&T are.

Last year, Sen. Amy Klobuchar (D-Minn.), the top Democrat on a Senate antitrust subcommittee, wrote a letter to Attorney General Jeff Sessions raising concerns about political interference from the White House in the merger review. More competition, he added, could keep costs down. Comcast and Walt Disney dropped 4.3 percent and 1.8 percent, respectively. The merged companies could withhold programming from competitors, pressuring consumers to switch to AT&T services. Comcast bid for Sky in April, after Fox's bid for the remainder of European pay-TV group it did not already own was delayed by regulators.

Related news:

Hot News

isis-killer-beheading-video-story-top The Senate wrecked Trump’s deal to save ZTE
Jun 14, 2018 - 04:13
Zhongxing Telecommunications Equipment (ZTE) Corporation is a Chinese company headquartered in Shenzhen, Guangdong, China. The decision to lift the U.S. ban on ZTE has faced sharp criticism from USA politicians, including from some Republicans.

isis-killer-beheading-video-story-top Justify’s Triple Crown Victory Makes Racing History
Jun 14, 2018 - 03:45
A representative for the New York Gaming Commission told the Daily Racing Form there is no plan to speak to Geroux. With attendance of 90,327, on-track handle was $16,159,584.

isis-killer-beheading-video-story-top Jada Pinkett Smith reveals her grandmother taught her about 'self-pleasuring'
Jun 14, 2018 - 03:14
'I think by your age, I gave myself multiples first, ' she said during the program. "He was embarrassed. It was like their innocence was gone".

isis-killer-beheading-video-story-top Trudeau criticism will cost Canada 'a lot of money'
Jun 14, 2018 - 02:58
Improved genetics and farm management techniques mean that cows produce far more milk than they used to. Trump didn't help matters by attacking pretty much everyone at the summit.

Ubisoft's psychological thriller Transference ditches VR requirement, is coming this fall
Jun 14, 2018 - 02:55
Transference ™ is a collaboration between SpectreVision and Ubisoft Montreal and aims to bridge the gap between movies and games. For now, check out Ubisoft's debut trailer below to have a look at the game before it sets down later this year.

You can play Cyberpunk 2077 as a woman or a man
Jun 14, 2018 - 02:41
As you readers probably already know, the newest Cyberpunk 2077 trailer was shown during the Microsoft conference on Sunday. In a world where you have no future, what matters is that you control who you are.

isis-killer-beheading-video-story-top Paul raccoon reaches roof after scaling downtown tower
Jun 14, 2018 - 02:20
Workers inside the UBS building have had a front-row seat to the action, including lawyer Sheila Donnelly-Coyne . The animal settled on a ledge more than 20 stories up for several hours - napping and peering in office windows.

isis-killer-beheading-video-story-top This year's Tony Awards were about more than the winners
Jun 14, 2018 - 02:14
The revival of " Carousel " won two awards - choreography and for Lindsay Mendez, who won best featured actress in a musical. Many critics have tapped The Band's Visit as their odds-on favourite to be crowned best new musical.

isis-killer-beheading-video-story-top Net neutrality is no more. Here's what that means
Jun 14, 2018 - 02:00
Several states including NY and Washington, have passed regulations that impose net neutrality on a local level. Why is net neutrality such a big deal? The debate around net neutrality was immediately politicized.

isis-killer-beheading-video-story-top Category 3 Hurricane Bud heads north off Mexico
Jun 14, 2018 - 01:45
However, tropical-storm-force wind gusts (over 39 mph) could begin affecting southern Baja California as soon as Wednesday. National Hurricane Center said Bud had maximum sustained winds of 115 miles per hour (185 kph) Monday morning.

isis-killer-beheading-video-story-top Square Enix’s E3 Presentation Leaves Audiences Asking: Is This It?
Jun 14, 2018 - 01:17
After the release the game will get episodic DLCs that will be free to download and will expand different areas in the game. Bisson says that the game will feature the largest hub, more tombs, and unique mechanics like wall-running and grappling.

isis-killer-beheading-video-story-top SC primary voters like Trump's tax cuts, medical marijuana
Jun 14, 2018 - 01:16
In the past, Sanford said the president should " just shut up " and "quit responding" to critics and focus on the issues at hand. Newsweek reached out to both Mark Sanford and Katie Arrington's campaign team for comment but has not received a response.

isis-killer-beheading-video-story-top Kadena AB F-15C crashes into waters off Okinawa
Jun 13, 2018 - 17:09
Richard Tanner, 18th Wing vice commander, thanked the Naha-based rescue squadron for its quick response. F-15 fighters have also crashed off Okinawa Prefecture in May 2013, January 2006 and August 2002.

isis-killer-beheading-video-story-top Trudeau: We support Trump's North Korea efforts, won't engage on comments
Jun 13, 2018 - 17:05
For his part, Trudeau cheered Trump's bid to broker a deal to rid the Korean Peninsula of nuclear weapons, but he stayed mum on the president's persistent trash talk.

isis-killer-beheading-video-story-top Trump trade adviser apologises for insulting Trudeau
Jun 13, 2018 - 15:45
Trump went on to say that the U.S. gets "unfairly clobbered" on trade despite "protecting Europe at great financial loss". The President of the United States, Donald Trump , has threatened to impose a tax on imported vehicles.