Brazil´s antitrust authority, the Conselho Administrativo de Defesa EconÃ´mica (CADE) has approved AT&T´s (NYSE: T) pending acquisition of Time Warner Inc, the company said.
As with the approvals obtained in Chile and Mexico, CADE approved the merger with targeted conditions to address specific issues it identified. CADE´s approval does not require the sale or divestiture of any AT&T or Time Warner assets.
With CADE´s approval, AT&T and Time Warner have received all required merger approvals outside of the United States. In the United States, the transaction remains under review by the US Department of Justice. AT&T expects the transaction to close by the end of 2017.
AT&T is a holding company. Its products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.