The bigger picture: How AT&T's win shapes a wave of new deals

Illustration: Sarah Grillo, Caresse Haaser/Axios

AT&T's victory over the Department of Justice Tuesday in a landmark case over its purchase of Time Warner is expected to usher in a period of industry consolidation — particularly between media, tech and telecom companies.

Why it matters: Hundreds of billions of dollars worth of potential deals were at stake pending this decision. Now, there's more clarity around what the corporate landscape might start to look like.