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FCC Approves AT&T-DirecTV Merger

AT&T’s proposed $48.5 billion acquisition of DirecTV is a step closer to the finish line after the FCC blessed the deal with a host of conditions.

The FCC announced the approval on Friday, coming three days after FCC chairman Tom Wheeler confirmed that the order had been circulated for approval.

The FCC said the Order detailing the decision and the conditions for the merger will be issued shortly.

More to come at our sister site Broadcasting & Cable.

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