Report: AT&T Clears Plan to Buy DirecTV with DOJ

Aug 25, 2014 AT&T U-verse, cable tv, department of justice, 0 Comments


One of the largest hurdles AT&T has faced in its plan to purchase DirecTV has apparently been cleared this week, according to the New York Post. The telecommunications company has reached an agreement with the Department of Justice.

The rumors indicate that AT&T had to agree to several unspecified conditions, which would allow it to gain regulatory approval for the $9 billion takeover bid.

If the Department of Justice does indeed sign off on the deal, the antitrust issues raised when the initial bid was made will likely go away. Even so, the Federal Communications Commission will have to approve the deal in the end. But the argument is that if AT&T has agreed to the conditions, it’s likely going to be approved.

AT&T would get access to DirecTV’s 20 million subscribers, and add them to their 5.7 million U-verse TV subsrcibers, making them the second biggest TV provider behind Comcast-Time Warner Cable once they officially merge.


CABLE & SATELLITE TV

STARTING AT: $2999/MO

STARTING AT: $1999/MO

HIGH SPEED INTERNET


Enter your address to see available offers


SEE OFFERS



The following two tabs change content below.
David Gonos has been writing online for over a decade, and he has been published on websites like CBSSports.com, FOXSports.com, MLB.com, NFL.com and SI.com. He discusses fantasy sports, television, beer, traveling, music, movies and food on his own website, when he's not at his day job, working as the content manager for DigitalLanding.com.

Leave a Reply

Your email address will not be published. Required fields are marked *