The AT&T/Time Warner merger was approved last week by Federal District Judge Leon, who eviscerated the administration’s argument in all respects. The green-lighting of the AT&T merger immediately set off more M&A activity in the form of Comcast’s $65 billion all-cash bid for the assets of 21st Century Fox. 21st Century Fox had previously agreed to be acquired by Walt Disney for approximately $52.4 billion in a cash and stock deal. This is no doubt the opening salvo in new round of merger mania.
