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Seven days: 15 June 2018

Seven days: 15 June 2018

Media mergers ahead 

In what may light the touch paper for consolidation among media and telecoms majors, the US courts approved AT&T’s $80bn (£60bn) takeover of Time Warner. The decision – which comes almost two years after the deal was announced – represents a defeat for the US Department of Justice, which had argued that the tie-up would reduce competition in pay TV and lead to higher prices for consumers. However, Judge Richard Leon found that the government had not provided adequate evidence mergers between content provider and distributors harmed competition. That’s a likely relief for Comcast, which has announced its intention to make a bid for the entertainment assets of 21st Century Fox (US:FOXA).  

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