The Justice Department will let the AT&T–Time Warner merger close

The Justice Department announced today that it will not seek a legal stay of the AT&T–Time Warner merger ruling, clearing the way for the completion of the giant deal.

In a sharp rebuke to antitrust enforcers, a judge ruled that he would allow the deal to go through despite the Justice Department's lawsuit. In his decision, the judge suggested that an appeal would be futile and that granting a temporary legal stay of the ruling could unfairly scuttle the deal. With a deadline for the deal looming later this month, he wrote that a stay to block the deal would be "unjust."

A Justice Department spokesperson said that although the agency could still appeal the judge's ruling, the deal will move forward in the meantime. In a filing, AT&T's...

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