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AT&T's proposed purchase of Time Warner is in judge's hands after closing arguments
The fate of AT&T Inc.'s proposed $85.4-billion purchase of Time Warner Inc. — a deal that would reshape the media landscape — now rests in the hands of a federal judge after closing arguments Monday in the government's antitrust lawsuit to block the merger. The Justice Department made its final plea to U.S. District Judge Richard Leon to halt the combination or significantly scale it back, arguing that the merged company would be so powerful it would hinder competition and raise pay-TV prices for consumers.