US regulators have given their approval to the $109bn merger of AOL and media giant Time Warner after the companies offered a raft of late concessions.
By Aled Herbert
Published: 14 December 2000 17:36 GMT
Almost 12 months after the deal was announced, the Federal Trade Commission has given its unanimous support to the deal. Some industry watchers feared the deal would mean that AOL-Time Warner could command a monopolistic position and shut off competitors from AOL's 26 million subscribers.
However, the concessions made by the two companies, including yesterday's agreement to allow rival internet service operators access to its cable network, has satisfied the Commission.
The deal still has yet to receive the go-ahead from the Federal Communications Commission.
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