AT&T closes $85 billion deal for Time Warner

AT&T closes $85 billion deal for Time WarnerAT&T Inc (T.N), the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc (TWX.N) after U.S. antitrust regulators indicated they would not seek a delay. The deal, first announced in October 2016, was opposed by President Donald Trump. AT&T was sued by the Justice Department, but won approval from a judge to move forward with the deal on Tuesday following a six-week trial.