Hollywood Prepares for Merger Mania Following Time Warner, AT&T Approval

Multiple outlets are reporting that U.S. District Court Judge Richard Leon ruled today that AT&T’s $85.4 billion purchase of Time Warner is legal, clearing the path for AT&T to buy HBO, CNN, and Warner Bros. Judge Leon did not impose conditions on the merger’s approval and urged the government not to seek a stay. Shares of Time Warner jumped roughly 5 percent in extended trading. Shares of AT&T dropped as much as 2 percent. Assistant Attorney General Makan Delrahim said the Justice Department was disappointed by the decision. “We continue to believe that the pay-TV market will be less competitive and less innovative as a result of the proposed merger between AT&T and Time Warner. We will closely review the Court’s opinion and consider next steps in light of our commitment to preserving competition for the benefit of American consumers.” The shockwaves of this decision reverberated in the halls of multiple telecommunication companies and it may end up affecting Comcast’s ability to outbid Disney for FOX.

Mark Reilly and Jeff Sneider sit down to give their analysis of this important decision by the judge in this case. They look at the message it sends to other telecommunications companies and its possible far reaching effects on Comcast’s ability to buy FOX. They also look at how this might affect the programming for the networks that were part of this deal.Let us know what you thought about this decision in the COMMENTS section below. Remember to LIKE and SHARE this video on your social media and to SUBSCRIBE to Collider.

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