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Historic AT&T-Time Warner Merger Can Proceed, Federal Judge Rules

June 13, 2018

 
On June 12, 2018, a federal judge in Washington, DC ruled that the $85.4 billion merger of AT&T and Time Warner may proceed with no conditions. United States District Court Judge Richard Leon’s decision can be found here. O’Melveny served as lead trial counsel to both AT&T and Time Warner in the trial.

Below is a statement from Brad Butwin, Chair of O’Melveny & Myers LLP:

“We are thrilled that Judge Leon has agreed with our clients’ position that, in today’s highly diverse media landscape, the AT&T-Time Warner merger is entirely lawful and very much a boon for consumers. And so the ‘Antitrust Trial of the Century’ comes to a close with our partners Dan Petrocelli, Randy Oppenheimer, and Kati Robson having led our O’Melveny team in court.”

“We are especially pleased that our clients can now focus their energies on completing their combination and creating a host of creative new content and other offerings across a wide array of platforms.”

“We’d like to thank both our clients for entrusting us with their important case at trial. It was a tremendous collective effort by the O’Melveny team and our partner counsel, as well as the experts who helped articulate and advance our clients’ case.”

“We’d also like to recognize the contributions of the many O’Melveny lawyers and staff who worked tirelessly toward a common goal over the past six months. The O’Melveny team included experienced antitrust, entertainment, corporate, litigation, and other attorneys and staff who did a superb job of defending against the government’s challenge to the merger, with a thorough grasp of the law, facts, and market forces supporting our clients’ position.”