AT&T’s $48.5 billion DirecTV purchase has been approved by the FCC

Jul24

by Sindy Cator on July 24, 2015 at 6:38 pm

The Federal Communications Commission (FCC) has officially granted AT&T’s bid to purchase DirecTV. The deal comes with conditions, and positions AT&T’s customer count near the levels of what Comcast and Time Warner would have been. The deal is said to be worth $48.5 billion. Neither AT&T or DirecTV has officially commented on the news yet. In a statement, the FCC said it allowed the merger after careful consideration: The Commission’s decision is based on a careful, thorough review of the record, which includes extensive economic analysis and documentary data from the applicants, as well as comments from interested parties. Based on this review, the Commission…