June 12, 2018 / 9:36 PM / 2 months ago

AT&T to close Time Warner purchase by June 20 - attorney

WASHINGTON (Reuters) - AT&T plans to close its purchase of Time Warner Inc no later than June 20 after a U.S. court decided it could move ahead with the deal, the company’s lead attorney said on Tuesday.

FILE PHOTO: An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni/File Photo

U.S. District Judge Richard Leon strongly urged the Justice Department not to seek an emergency stay of the ruling, which could prevent AT&T from the closing the transaction ahead of a June 21 contractual deadline with Time Warner to complete the purchase.

“The judge’s sweeping rejection of the government’s case doesn’t surprise us at all,” AT&T attorney Daniel Petrocelli told reporters outside of the courthouse shortly after the decision was issued.

Reporting by David Shepardson; Writing by Tim Ahmann; Editing by David Alexander

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