AT&T Defeats U.S. Bid to Kill $85 Billion Time Warner Deal (3)

AT&T Inc. beat back another effort by the U.S. to undo its purchase of Time Warner, cementing an $85 billion deal to help it compete with Netflix Inc.

The U.S. Appeals Court in Washington said Feb. 26 the Justice Department failed to establish that a lower-court judge made a clear error when he rejected the government’s case that AT&T should be blocked from buying Time Warner on antitrust grounds. The department has no plans to seek further review.

That ends the Trump administration’s attempt to unravel a tie-up the U.S. said would lead to higher prices for pay-TV subscribers around ...