A PYMNTS Company

US: AT&T/DirecTV clears a hurdle

By  |  September 25, 2014

DirecTV shareholders have reportedly voted in favor of its proposed merger with AT&T.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The $48.5 billion deal easily received clearance as 77.8 percent of shareholders okayed the plans. DirecTV announced the results in New York this week.

    The vote is just one hurdle the companies need to clear before they close the merger, though DirecTV said that the companies still expect to complete their transaction next April.

    The US Department of Justice and Federal Communications Commission are also reviewing the deal, which would combine the nation’s top satellite-TV company with AT&T’s existing Internet, phone and wireless services.

    Full content: North Jersey

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.