The European Commission,the executive body of the EU, has given the greenlight to AT&T’s pending $85B acquisition of Time Warner. The approval had been expected and shares in both companies were up before the bell this morning (AT&T +.19% to $42.17 and Time Warner +.55% to $98.90).
"This is an valuable approval from a highly respected authority, and ” said Bob Quinn,senior EVP of AT&T External and Legislative Affairs. “The global clearance process is on track, and we look…
Source: deadline.com