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DoJ in final stages of merger review, according to U.S. press report
The U.S. government will give its approval to AT&T’s proposed acquisition of Time Warner this month, according to a U.S. press report on Thursday.
The Department of Justice is in the final stages of its review of the transaction, unnamed sources said, in a Los Angeles Times report.
The sources are close to the process but not authorised to discuss it, the paper said.
The US$85.4 billion deal has already received the regulatory green light in a number of international markets, including the European Union, Mexico and, most recently, Chile.
However, it has yet to be approved the in the companies’ home market and has also hit a stumbling block in Brazil, where antitrust watchdog has handed it over to a tribunal, expressing concerns over the impact of the tie-up on competition.
Nonetheless, AT&T has consistently predicted that it will be able to close the acquisition before the end of this year.
