AT&T gets approval to buy Time Warner

AT&T won approval in court for its $85 billion purchase of Time Warner.

U.S. District Judge Richard Leon yesterday declined the Justice Department's request to block the takeover.

"We are pleased that, after conducting a full and fair trial on the merits, the court has categorically rejected the government's lawsuit to block our merger with Time Warner," David McAtee, AT&T's general counsel, said in a statement.

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