June 12 (UPI) -- A federal judge on Tuesday approved a merger between AT&T and Time Warner, rejecting the U.S. government's argument that it would restrict pay-TV competition.
U.S. District Judge Richard Leon issued his ruling in Washington, D.C., more than six months after the Department of Justice sued to block the merger. Leon said federal officials failed to prove their argument that AT&T's $85.4 billion acquisition of Time Warner would lead to fewer choices for consumers and prompt higher TV and Internet prices.