Home Fiber-Optics HD AT&T U-Verse AT&T & DirecTV Merger Deadline Extended

AT&T & DirecTV Merger Deadline Extended

directv-at&t-merge
One year ago, AT&T and DirecTV jointly announced a deal worth $48.5 billion in which DirecTV would be acquired in a stock-and-cash transaction for $95 per share. But the termination date of the deal, May 18th, 2015 has quickly approached and regulators have yet to approve the merger. Today, in a Securities and Exchange Commission filing, the two companies have agreed to extend the proposal agreement for a short, but undetermined amount of time.

Of course, other MSOs, ISPs and television service providers are not so happy about the proposed merger. Earlier this week Dish Network, Cogent, and other groups asked for more regulations regarding the purchase. And, The Fool writes about Netflix putting their two-cents in. However, an article in The Wall Street Journal predicts authorities will not oppose the merger, but will likely apply conditions.

WSJ wrote, “the AT&T deal doesn’t raise the same problems for regulators as Comcast’s combination, which would have created a giant service provider controlling access to more than half of what the FCC considers high-speed broadband Internet service.”

And, according to Reuters sources, “regulators at both the Justice Department and the Federal Communications Commission (FCC) are nearing a decision that is poised to clear the deal with some conditions.”

Via Multichannel News

Jeff Chabothttps://hd-report.com
Jeff has a background in photography, video and television production. He writes about technology, broadcasting, home theater, and digital entertainment.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

4k TV Deals

Sony X1 4k HDR TV

Hot Pre-orders!

Game of Thrones: The Complete Series 4k Blu-ray
Back to the Future 35th Anniversary 4k Blu-ray giftset
Mission: Impossible - The Original TV Series Blu-ray
Stanley Kubrick 3-Film Collection  4k Blu-ray

1-Month Free!

Hot Blu-rays!

New Articles

Yellowstone Season 3 Blu-ray & DVD Release Date & Details

Paramount has announced the release date of the third season of Yellowstone to Blu-ray and DVD will be December 8, 2020. The Blu-ray and DVD...

Our Favorite New Amazon Products, Prices & Release Dates

Amazon has announced several new products for internet connectivity, home entertainment, and Alexa voice control. The first of which we'll mention is the new...

Disney Announces Updates to MCU Phase 4 Movie Schedule

Disney has announced updates to several films that are part of Phase 4 of the Marvel Cinematic Universe. The first film in Phase 4, Black...

Four Eddie Murphy Films from the 80s Remastered in 4k

Paramount has remastered four hit Eddie Murphy films from the 80s for release on 4k Blu-ray and Blu-ray. The films arrive on disc (and...

Support Us!