One thumb up for AT&T/DirecTV nuptials
We haven’t heard from America’s regulatory community yet on whether or not the acquisition of DirecTV by AT&T will be allowed to move forward (nor should we expect to as yet), but one key group has indicated its approval.
That would be DirecTV shareholders.
The $48.5B deal came just short of getting unanimous shareholder support, according to The Hill.
99% of all votes cast were in the aye category, with over three fourths of the eligible voter shares represented by a ballot.
Both firms offer subscription television service, although the lion’s share of the merged entity will come from DirecTV. AT&T is better known for phone and internet service.