AT&T and Time Warner extend termination date of merger to 21 June, 2018

AT&T Inc and media and entertainment group Time Warner Inc, which are seeking to merge despite U.S. Justice Department opposition, extended the termination date for their deal to 21 June, AT&T said in a filing on Friday. [caption id=“attachment_4272125” align=“alignleft” width=“380”] The AT&T logo is seen on a store. Reuters[/caption] The Justice Department sued in November to stop the $85 billion deal, and a trial is to begin on 19 March. Judge Richard Leon said during a hearing at the U.S. District Court for the District of Columbia in early December that he would likely not have a decision by the deadline in the companies’ merger agreement, but would rule in late April or May. Under a previous agreement, either company could terminate the deal if it was not completed as of 22 April.