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combination photo shows the Time Warner shares price at the New York Stock Exchange and AT&T logo in New York, NY, U.S., on November 15, 2017 and on October 23, 2016 respectively.
Image credit: Reuters

US telecoms big AT&T has accomplished its takeover of leisure agency Time Warner after profitable a court docket battle earlier this week.

The greater than $80bn (£60.34bn) deal, which has been two years within the making, led to 1 of the biggest US anti-trust lawsuits in a long time.

But a US district court docket choose cleared the wedding of the 2 giants on Tuesday with out situations.

The merger might shake up the United States media scene for years to return.

The Trump administration's argument was that the wedding between the 2 corporations would hurt shoppers.

But AT&T argued it wanted to amass Time Warner to compete with on-line streaming companies like Amazon and Netflix.

It is predicted now that extra content material distribution firms will attempt to purchase content material manufacturing firms.

The landmark deal between the corporations will see well-known franchises like Game of Thrones, Wonder Woman and CNN beneath the roof of America's largest pay-tv supplier.

The Trump administration has 60 days to file an attraction, and says it's at the moment contemplating its choices.

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