... hello WarnerMedia - a division of AT&T.
https://en.wikipedia.org/wiki/WarnerMedia#Acquisition_by_AT&T
https://en.wikipedia.org/wiki/WarnerMedia#Acquisition_by_AT&T
On June 12, 2018, District Judge Richard J. Leon ruled in favor of AT&T, thus allowing the acquisition to go ahead with no conditions or remedies. Leon argued that the Department of Justice provided insufficient evidence that the proposed transaction would result in lessened competition. He also warned the government that attempting to obtain an appeal or stay on the ruling would be manifest unjust, as it would cause "certain irreparable harm to the defendants".[101][102][103][104]
Two days later (June 14), AT&T announced that it had closed the acquisition deal on Time Warner, making it as the former's subsidiary and division. Jeff Bewkes stepped down as CEO of Time Warner while retaining ties with the company as senior advisor of its parent company AT&T. John Stankey, which headed the AT&T/Time Warner integration team, took over as CEO. It was also announced that the Time Warner brand would be dropped in favor of the name WarnerMedia.[105][106] As a result of the structure of the merger, Time Warner Inc. became a limited liability company with the legal name Warner Media, LLC.[107]
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