AT&T now owns Time Warner


On Thursday night, soon after the Justice Department said it would not seek a stay of its antitrust lawsuit, AT&T completed its $85 billion acquisition of Time Warner. AT&T was anxious to close the deal by June 20, at which point Time Warner could withdraw or renegotiate its terms. A federal judge approved the merger on Tuesday.
The combination of AT&T, the No. 2 wireless carrier, and Time Warner's stable of content — including HBO, CNN, Warner Bros., TBS, and TNT — plus AT&T's DirecTV subsidiary will reshape the media and entertainment landscape. Only a handful of other internet companies control both the content and means to distribute it: Comcast owns NBCUniversal and is bidding for 21st Century Fox, and Verizon owns AOL and Yahoo. The Justice Department has 60 days to appeal its loss of the antitrust lawsuit, but experts suggest it would likely lose any appeal.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
South Korean commission exposes history of fraud and abuse in overseas adoptions
The Explainer The largest exporter of international adoptees allowed fraud to flourish, as the government pushed the adoption agenda
By Theara Coleman, The Week US Published
-
Film reviews: Eephus and The Day the Earth Blew Up
feature Small-town baseballers play their final game and Porky and Daffy return to the big screen
By The Week US Published
-
Music reviews: Playboi Carti, Charley Crockett, and Throwing Muses
feature “Music,” “Lonesome Drifter,” and “Moonlight Concessions”
By The Week US Published
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
By Justin Klawans, The Week US Published
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
By Peter Weber, The Week US Published
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
By Peter Weber, The Week US Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
Getty Images and Shutterstock merge into a picture powerhouse to combat AI
The Explainer The $3.7 billion deal is one of the largest in the industry's history
By Justin Klawans, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published