Technology content trusted in North America and globally since 1999
7,705 Reviews & Articles | 57,140 News Posts

DirecTV shareholders support AT&T acquisition, as feds consider deal

DirecTV shareholders approve AT&T deal, which still faces regulatory approval
By: Michael Hatamoto | Business, Financial & Legal News | Posted: Sep 25, 2014 4:55 pm

Satellite provider DirecTV shareholders have reportedly agreed to an acquisition by AT&T, as 99 percent of votes from 77 percent of shareholders support the deal. The $49 billion mega deal will give AT&T an avenue to better compete against Verizon in paid television, with the deal expected to close sometime in Q1 or Q2 of 2015.

 

directv_shareholders_support_at_t_acquisition_as_feds_consider_deal_01

 

"We appreciate DirecTV shareholders' approval and look forward to continuing our work with the various regulatory agencies reviewing the deal to gain their approval as well," an AT&T spokesperson recently noted.

 

AT&T already utilizes its own Uverse TV service, but DirecTV has a larger reach nationwide due to regional restrictions.

NEWS SOURCES:Online.wsj.com, Cnet.com, Tatango.com

Related Tags

Got an opinion on this news? Post a comment below!
loading