Business & Finance

AT&T, Time Warner extend merger deadline until June

Published December 22, 2017 Updated December 22, 2017 10:11pm

The Justice Department sued in November to stop the $85 billion deal, and a trial is to begin on March 19.

Judge Richard Leon said during a hearing at the US District Court for the District of Columbia in early December that he would likely not have a decision by the deadline in the companies' merger agreement, but would rule in late April or May.

Under a previous agreement, either company could terminate the deal if it was not completed as of April 22.

 

Copyright Reuters, 2017