AT&T said Wednesday that states have reviewed the company’s proposed acquisition of DirecTV and have not recommended any concessions on the deal.
AT&T CFO John Stephens announced the development while an unnamed source said that Arizona, Louisiana and Hawaii were the states that probed the deal. Those states, the source said, have “unique statutes or commission rules for the transfer.”
Stephens also announced that Brazil antitrust authority CADE has approved of the DirecTV takeover without concessions; according to reports, DirecTV services nearly 18 million customers in Latin America. As part of the deal, AT&T will divest its assets in Mexico’s America Movil.
Despite news of the state approvals, the Federal Communications Commission is still reviewing the merger filing and has not started its informal 180-day review of the transaction. The Department of Justice will also need to sign off on the deal.
Full content: Multichannel
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI