AT&T's $85.4 billion deal for Time Warner wins EU thumbs-up
AT&T Inc has won approval from the European Commission for its planned $85.4 billion acquisition of Time Warner Inc, the No. 2 U.S. wireless carrier said on Wednesday.
The merger, which still requires approval from the U.S. Department of Justice, is expected to close by the end of the year, AT&T said.
During his election campaign, U.S. President Donald Trump had said that he opposes the merger, and in January a transition official told Reuters that Trump was still against the deal.
The U.S. Federal Communications Commission does not expect to review the deal, a spokesman for the agency said last month.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.