The internet is a global resource for people everywhere.
It allows people to communicate and share information, but it also enables governments and corporations to collect and analyse the information they need to keep tabs on each other.
In its bid to acquire Time Warner, the US Federal Communications Commission (FCC) has ruled that Time Warner’s US operations will be moved to the parent company of Time Warner Cable, the parent of Verizon and Charter.
The merger will see Time Warner and its cable operations merge into one entity.
The FCC has now confirmed that it has granted the Time Corporation a temporary restraining order to prevent the deal being completed, which could give the company more time to review its acquisition options.
“The court has determined that the Government cannot conclude that the proposed transaction will be beneficial to the American people,” the FCC said in a statement.
“We have now granted the Government an emergency stay to prevent this merger from taking place.”
The deal will see the merger of TimeWarner Cable with Comcast and Verizon.
The merged company will control about 60 per cent of US broadband market.
Time Warner would also be responsible for US cable television services, the same as Charter.
The merger will bring with it the possibility of more consolidation of the internet, which already has several internet providers, including Time Warner.