One thumb up for AT&T/DirecTV nuptials

By on Sep, 27 2014 with Comments 0

Thumbs UpWe 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.

About The Author: RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

Comments are closed.