Last month we reported about the planned merger of media company Time Warner with telecom giant AT&T. Yesterday it became known that the European Commission, which acts as the primary antitrust regulator of the European Union finally approved a long-awaited deal, which totals $85.4bn.
The next stage for the merger is approval by the US Ministry of justice. This is the most difficult part of the deal , as senators and national regulators are dead against it. To proceed further, Time Warner will have to sell one of its stations, which is regulated by the Federal Communications Commission.
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