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US: The AT&T/DirecTV merger likely be approved

By  |  May 12, 2015

It doesn’t appear that federal regulators are going to stand in the way of AT&T’s bid to acquire DirecTV.

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    According to sources quoted in the Wall Street Journal both the Justice Department and the Federal Communications Commission are almost done with their respective reviews, and they are both unlikely to block the deal.

    AT&T agreed to acquire DirecTV for nearly $49 million last May.

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    It’s possible that AT&T would have to agree to some stipulations protecting online video companies, The Journal reported.

    “This is a unique opportunity that will redefine the video entertainment industry and create a company able to offer new bundles and deliver content to consumers across multiple screens – mobile devices, TVs, laptops, cars and even airplanes. At the same time, it creates immediate and long-term value for our shareholders,” said AT&T Chairman and CEO Randall Stephenson upon announcing the merger.

     

    Full content: The Wall Street Journal

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