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US: AT&T/DirecTV clears a hurdle

By  |  September 25, 2014

DirecTV shareholders have reportedly voted in favor of its proposed merger with AT&T.

The $48.5 billion deal easily received clearance as 77.8 percent of shareholders okayed the plans. DirecTV announced the results in New York this week.

The vote is just one hurdle the companies need to clear before they close the merger, though DirecTV said that the companies still expect to complete their transaction next April.

The US Department of Justice and Federal Communications Commission are also reviewing the deal, which would combine the nation’s top satellite-TV company with AT&T’s existing Internet, phone and wireless services.

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