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The ruling is a blow for the Trump administration’s antitrust enforcers, but they could still try to block other deals.
 
The news: A US court ruled that AT&T’s deal for media giant Time Warner could go ahead over the objections of the US Department of Justice, which worried that the combination would raise prices for consumers. AT&T will now control a media group whose assets include HBO and CNN, though the DoJ could seek an emergency appeal of the ruling.
 
Deal bonanza: Other telecom companies like Comcast, which has been stalking 21st Century Fox’s TV operations, and Verizon, which combined Yahoo and AOL into media division Oath, could now bid for more content businesses in order to compete with huge digital platforms like Amazon and Netflix. This could lead to a dramatic reshaping of the media landscape.
 
Why this matters: Although the ruling is a huge setback for the DoJ, its nearly two-year legal battle to try and block the Time Warner deal is a sign it’s determined to challenge massive mergers. Big internet companies could be next in the agency’s sights: its antitrust chief, Makan Delrahim, has made it clear that trustbusters must take vigorous action if digital platforms threaten competition.

Deep Dive

Computing

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Corruption is sending shock waves through China’s chipmaking industry

The arrests of several top semiconductor fund executives could force the government to rethink how it invests in the sector.

Inside the software that will become the next battle front in US-China chip war

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Hackers linked to China have been targeting human rights groups for years

In a new report shared exclusively with MIT Technology Review, researchers expose a cyber-espionage campaign on “a tight budget” that proves simple can still be effective.

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