AT&T’s Dream Deal Hangs on Judge’s Decision

Government’s effort to stop Time Warner takeover will be decided in court Tuesday

AT&T Inc. and Time Warner Inc. have spent nearly two years planning and defending their tie-up, a marriage of necessity designed to take on bigger digital rivals.

A federal judge will only need a short time Tuesday afternoon to make it official or—if government antitrust enforcers prevail—block the deal, sending both companies back to the drawing board.

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