FCC approves AT&T's $48.5 billion acquisition of DirecTV

The Federal Communications Commission on Friday approved AT&T’s $48.5 billion acquisition of DirecTV. The approval, based on a number of conditions outlined by the FCC, allows AT&T (NYSE: T) and DirecTV (Nasdaq: DTV) to merge into one. “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,” the FCC wrote in a released statement Friday.…
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