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And this is a complete and total win for at&t. and what could happen at this point forward is that the government after losing in this case they could ask for a stay of the opinion as they go and what is important about that is that could affectively render this deal dead. this deal would have to go through by june 21st. that is the merger dead line set by b at&t and time warner that at which point either party, either company could walk away. so at the end of the ruling here, after the judge said that the government has failed to prove that the judge should deny this merger, the judge went even further than that. and the judge said to the government, and very stern words, think before you go to the appeals process with this. think before you move for a stay here. he said that at&t had already suffered harm in this given that the government has been working ....
Days challenge disney for rupert murdock assets and we ll see it as a result because there was a holding pattern waiting for this ruling. there were many companiestching ing what th judge would do and now that we have the answer and the answer is so clear, this is not a ruling with a lot of conditions and as many expected and a lot of strings attached and it sounds like there are no strings attached so it is a giant thumbs up for the american business world and that is why beyond the media industry it is important for american business to give a thumbs up to go and pursue more of these deals. in terms of our channnd our parent company, w going to see at&t move quickly to try to close there deal now. it has been more than 18 months since the deal was struck and since this attempt to do the acquisition was announced and it is a long road and there is an opportunity and cost associated with this trial and with the long delay and so now at&t and ....
Unless there is a stay. unless there is an injunction and unless the government tries to get that, then we ll see the two companies come together next week. so just six days from now cnn will be owned by at&t. and back to jessica schneider live at the courthouse and you have atement from the lawyer from the justice department from the from the trump justice department about the case. what does he have to say? reporter: right, jake. a swift reaction from the department of justice. the assistant attorney general in charge of the anti-trust division was in the courtroom and he was in the courtroom throughout the six-week trial. justow issuing a statement here. i ll read it for you. he said we are dispinted with the court s decision today. we continue to believe that the pay tv market will be less competitive and less innovative as a result of the proposed merger between at&t and time warner and closely review the court s opinion and consider next steps in light of our commitment t ....
Government s contention this would be a bad merger and a usual part of his opinion was him saying to the government, look, don t even bother appealing bec if you appeal, if you get a stay, you will kill the deal evenf you lose the appeals court sides with at&t and time warner. that the procedural will take over for the substance. so he was saying, look, admit you lost, and let thi deal go forward. you can sue later, he said to the government, to break up the mpany, but don t try to stop this merger at this late date. that was a very unusual thing that the judge did and it is basically a sign of how much he rejected the trump justice department arguments on in this case. and jeffrey, let me ask you, president trump when he was just candidate trump during the 2016 ....
Possibility. announcer: this is cnn breaking news. a judge h just ruled on the at&t and time warner merger. we need to point out that cnn n justice correspondent jessica snyder live at the courthouse. jessica, what can you tell us? reporter: quite simply the judge in this case, the federal district court judge has essentially approved this mr between at&t and time warner. at&t acquisition of time warner. i just got out of the courtroom. judge richard leon for 30 minutes read his opinion and at the end of it, he said that basically the government s three theories of harm, all three theories, they they did not meet their burden of proof to show there would be a substantial lessening of kmet kp of competition if at&t acquired time warner. this is a six-week trial and the judge ruling today this merger can, in fact, go forward. ....