U.S. appeals court says AT&T deal to buy Time Warner is legal

A U.S. appeals court upheld on Tuesday a lower court ruling that wireless and satellite TV provider AT&T Inc`s deal to buy content maker Time Warner for $85.4 billion was legal under antitrust law.

The three-judge panel on the U.S. Court of Appeals for the District of Columbia ruled per curiam, or unanimously, in favor of the deal.

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