AT&T's acquisition of Time Warner has been approved by the European Union or completed before the end of the year

in the global technology, telecommunications and media sectors, the largest merger is AT&T 's $85.4 billion acquisition of time Warner, an American television and media giant. According to the latest news from foreign media, AT&T announced on Wednesday that the acquisition has been approved by the European Commission.

original title: EU approves AT&T 's acquisition of time Warner Group for $85.4 billion

in the global science and technology, telecommunications and media fields, the largest merger is AT&T 's $85.4 billion acquisition of US television and media giant time Warner Group. According to the latest news from foreign media, AT&T announced on Wednesday that the acquisition has been approved by the European Commission.

according to Reuters and other media reports, this represents a major step forward in AT&T 's acquisition of time Warner Group.

the European Commission said that AT&T and time Warner Group did not have overlapping businesses in Europe and did not have antitrust problems, so they decided to approve their acquisition plans.

when announcing the news on Wednesday, AT&T also said that the acquisition plan still needs to be approved by the U.S. Department of Justice and is expected to be successfully completed by the end of the year.

AT&T is one of the two largest telecom giants in the United States (the other is Verizon). With the gradual saturation of the US telecom market and the decline of profit margins, AT&T began its transformation strategy. Through the acquisition of time Warner Group, AT&T will acquire a large number of media assets in television, film, entertainment and other fields, and will enter the advertising market on a large scale in the future, and advertising will become a new revenue for the US telecom industry.

AT&T, a huge merger and acquisition, has caused an uproar in American public opinion, and consumers are worried that the integration of giants will lead to monopolies and higher prices. During the US presidential election, Trump expressed his opposition to the acquisition by name, which he thought would expand the already large power in the hands of big companies.

after being elected president, however, Trump's attitude towards the acquisition has undergone a subtle change. Not long ago, AT&T executives said in an interview with CNBC that the acquisition is under review by the Justice Department and is expected to be completed by the end of the year.

the executive also said that he had met with President Trump twice, but Trump did not discuss the acquisition of time Warner.

it is well known that Trump has begun to pursue a policy of supporting corporate business activities and loosening regulatory measures, strongly encouraging the United States and multinational corporations to invest in and build factories in the United States, so as to create jobs for Americans. Trump's cabinet also includes a large number of former business executives and Wall Street powerful figures who are more likely to adopt policies that support corporate activities.

if the acquisition ends smoothly, the world's well-known 24-hour news channel CNN, movie channel HBO, Warner Brothers and other high-quality assets will belong to the new owner AT&T.

in the transformation of the telecommunications industry, AT&T 's rival Verizon took the lead in acquiring AOL and Yahoo, the two major portals in the United States. Among them, the purchase price of Yahoo was reduced by 350 million US dollars, and the final transaction price was 4.5 billion US dollars. Verizon plans to merge the assets of the two websites and enter the field of online advertising on a large scale.

during the dotcom bubble, time Warner merged with AOL, making it the worst merger ever. Later, the two companies have been spun off, and time Warner Group has also transferred and spun off cable television networks, paper media and other businesses with poor development prospects, becoming a content company with high-quality film and television media resources. naturally, it has also become a coveted acquisition target.

Edit: nancy