1. AT&T Closes $85.4 Billion Time Warner Acquisition
In perhaps the most high-profile tech merger of the year, AT&T finally closed its acquisition of Time Warner for $85.4 billion following a long legal battle with the U.S. Justice Department.
AT&T originally announced its intent to acquire media giant Time Warner in October 2016 and faced a lawsuit from the Justice Department, which attempted to block the merger in 2017. After winning its case in court in June, the Dallas-based carrier closed the transaction two days later, which gave AT&T Time Warner's valuable content assets, such as HBO and CNN.
The first major tech acquisition to face opposition from the Republican-led Justice Department, the deal could lay the groundwork for more merger and acquisition activity in the telecom industry.