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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.




"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.


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