AT&T Closes Time Warner Deal - NBC 10 Philadelphia
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AT&T Closes Time Warner Deal

A federal judge ruled on Tuesday that AT&T's $85.4 billion bid for Time Warner was legal, imposing no conditions on the merger

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    AT&T Closes Time Warner Deal
    Andrew Burton/Getty Images, File
    This 2015 file photo shows the Time Warner Cable headquarters in Columbus Circle in New York City.

    AT&T completed its purchase of Time Warner on Thursday, shortly after the U.S. Department of Justice said it would not apply for a stay of a judge's ruling letting the deal go forward, CNBC reported.

    A federal judge ruled on Tuesday that AT&T's $85.4 billion bid for Time Warner was legal, imposing no conditions on the merger.

    The government had the option to seek a stay, delaying the merger for a designated waiting period, but has forgone that option.