Deals
AT&T Completes $48.5 Billion DirecTV Buy With FCC Approval
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The Federal Communications Commission approved AT&T Inc.’s $48.5 billion takeover of DirecTV with conditions, making the former telephone company a new powerhouse in the television business with international reach.
The FCC will require AT&T to expand broadband service to more U.S. cities and take steps to ensure rivals’ online video is treated fairly. The integration of AT&T and DirecTV will occur over the coming months, the companies said in a statement.