Monopoly season is open, and Net Neutrality just died. The Justice Department will not try to stop AT&T from purchasing Time Warner, and the companies are now free to close their deal. The government may yet appeal a ruling on its antitrust lawsuit against the ultra-giga-mega-merger.
Today's news means the AT&T and Time-Warner are free to close the $85.4 billion deal, about 20 months after first announcing the plan.
From the New York Times:
The department had six days to seek an injunction after a federal judge approved AT&T’s purchase of Time Warner on Tuesday. That decision is expected to prompt a series of other mergers, especially in the media industry.
However, the Justice Department still has 60 days from the date of the ruling to file an appeal, even if the companies close the merger, and such a filing remained a possibility.
“We are still considering whether or not to appeal,” a spokesman for the department said Thursday.
There was a time limit on when the government could seek an injunction, because the merger agreement between the companies expires on June 21. If an injunction had been granted, the companies would have had to extend the date or AT&T would have had to pay Time Warner $500 million in what is known as a reverse termination fee.
Related, in NYT Opinion: “The AT&T-Time Warner Merger Hurts Consumers.”
"Porn for women" was Pornhub's "top trending" search term for 2017; across the pornosphere, the number of women viewers continues its meteoric rise and rise, up to 25% now -- for the porn industry woman viewers represent a huge opportunity for growth.
The revelation that Google had been secretly creating a censored, surveilling search product (codenamed Project Dragonfly) in order to re-enter the Chinese market prompted more than 1,000 googlers to sign a letter of protest and a high-ranking resignation from the one of company's top scientists.
Google's Project Dragonfly was a secret prototype search engine intended to pave the way for the company's return to China; it featured censored search results that complied with Chinese state rules banning searches for topics like "human rights," "student protest" and "Nobel prize."
The human eye is a beautiful, incredible thing, but it’s far from perfect, especially when it comes to examining objects up close. Capable of magnifying objects up to 1,000 times, this portable microscope camera lets you see wonders hidden to your regular vision, and it’s on sale today for $38.99. Don’t let its compact size fool […]
There’s no shortage of apps available for your Mac, and, while it’s great to have options, this overabundance makes it difficult to find the apps worth installing on your computer. Thankfully, there’s the Pay What You Want: The Ultimate Mac Bundle ft. 2Do to simplify the process, which boasts 10 of the best Mac apps out […]
Sleek, minimalist, and convenient, Apple’s AirPods are a popular pick for those looking to upgrade to Bluetooth audio, but not everyone can afford the hefty $160 price tag. Whether you’re on a budget or just want something a little different, we’ve rounded up four pieces of audio gear that make for convenient Bluetooth listening, and […]