"This decision from Judge Leon will have broad ramifications for the tech, telecommunications and media sector for decades to come", said Daniel Ives, the chief strategy officer at GBH Insights. But Comcast has said it's prepped to top Disney's bid for the 21CF assets - and it's widely expected that Comcast will pull the trigger now that the AT&T-Time Warner merger has the go-ahead.
Leaving the courtroom, Makan Delrahim, head of the Justice department's antitrust division, said that he would read the judge's opinion before making a decision on an appeal.
The decision by the Justice Department to sue to block the merger caught AT&T and many others in the media industry by surprise. The combined company would have a library that includes HBO's hit Game of Thrones and channels like CNN, along with vast distribution reach through wireless and satellite television services across the country.
Paris hostages freed, suspect arrested
The hostages are being held in the internal courtyard of the building, which contains a mix of offices and residential apartments. Videos and images circulating on social media show several police vehicles as well as heavily armed officers at the scene.
"I conclude the government has failed to meet its burden of proof", Leon said. Judge Richard Leon ruled the deal is legal and he did not impose any conditions on the merger.
The Justice Department has not brought a suit seeking to stop a vertical merger - whereby companies operating in different spaces combine - since 1979.
In after-market trading following the ruling, shares of Time Warner rose almost 5 percent and AT&T shares fell 1.6 percent.
Because of AT&T's ownership of DirecTV, it can drive a harder bargain with other distributors that want Time Warner content, the government's lawyers argued during the trial. It is, he said then, "a deal we will not approve in my administration because it's too much concentration of power in hands of too few". The loss is a black eye for the Justice Department. Disney has a deal to buy the bulk of Fox, but Comcast is now expected to make a counterbid, especially with the favorable ruling for AT&T.
'A little hope': Nadal vs Thiem in French Open final
No contest Andy Murray and Roger Federer have been absent. "I'm feeling so, so happy to make the right decision to play here". The 37-set run was Nadal's longest at the French Open, where the record of 41 was established by Bjorn Borg from 1978-81.
Trump's frequent attacks on CNN led to much speculation, including from AT&T Chairman and CEO Randall Stephenson, that the president's opposition stemmed from anger over the network's coverage rather than concern over greater corporate consolidation. The company said in a statement that it plans to complete the takeover on or before June 20.
The government's case hinged on an economic model produced by Carl Shapiro, an economist at the University of California at Berkeley, who predicted an annual price increase to consumers of at least $285 million.
Judge Richard Leon said the USA government failed to meet the burden of proof that the tie up between the largest United States pay TV operator and media entertainment giant Time Warner would harm competition.
AT&T, which has invested heavily in a streaming video service called DirecTV Now, is free to bulk up its original programming with Time Warner content.
JUST IN: Real Madrid appoint new coach, Julen Lopetegui
They also scored 36 goals, and their form means they are one of the favourites ahead of the tournament in Russian Federation . The Portugal worldwide is angry at the club for their latest "derisory" contract offer, per Jesus Sanchez at Marca .