Time Warner +1.5% as U.S. won't seek stay on AT&T deal [Seeking Alpha]
TIME WARNER INC (TWX)
Last time warner inc earnings: 4/26 08:00 am
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Source: Seeking Alpha
Time Warner +1.5% as U.S. won't seek stay on AT&T; dealTime Warner (NYSE:TWX) hasjumped 1.5% postmarket as AT&T notes in a court order that the U.S. won't seek a stay to prevent its $85B buyout from closing, Bloomberg reports.The two sides are agreeing to end the waiting period in order to get the deal closed.In the filing, AT&T says it won't have a role in setting pricing at Time Warner's Turner networks -- a sticking point in the government's antitrust trial -- and that it will manage Turner as a separate business unit.Dozens of blocks of Time Warner shares have moved around the current postmarket quote of $100.28.In late trading,T isdown 0.1%.See all stocks on the move »Now read:AT&T; Hits Rock Bottom - Buy Or Beware? »
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