AT&T To Buy DIRECTV for $67 Billion

[ChadT41]

All it takes is the limited market they do have. When looking at the financials that popped up in a quick google search, they reported 6.1 million TV subscribers. That puts them at 26 million if approved. Definitely competition, even if just a little competition. They hold a little under 1/3 of DTV TV base. http://www.att.com/Common/about_us/pdf/uverse_update.pdf
To be fair, my battery is dying so I didn't even look at the year on this, or even the quarter. It was the first to pop up.

 

[Jimbo]

All it takes is the limited market they do have. When looking at the financials that popped up in a quick google search, they reported 6.1 million TV subscribers. That puts them at 26 million if approved. Definitely competition, even if just a little competition. They hold a little under 1/3 of DTV TV base. http://www.att.com/Common/about_us/pdf/uverse_update.pdf
To be fair, my battery is dying so I didn't even look at the year on this, or even the quarter. It was the first to pop up.

I look at these two companies as a Compliment to each other.
If you can't get D* due to los, maybe your in an area that can get U Verse, if you can't get U Verse, chances are you can get D* ( if you have los, which I would take a guess at and say that probably 80% of people do ... could be more)
Installers would be a better one to answer that one.

 

[whitewolf8214]

AT&T extends deadline for DirecTV acquisition http://www.bizjournals.com/dallas/b...adline-for-directv-acquisition.html?ana=yahoo

AT&T has extended the termination date of the agreement to acquire DirecTV.The short extension will allow it to obtain the final regulatory approval it needs to close the deal, which it expects will close shortly, AT&T (NYSE: T) stated in a document filed with the Securities and Exchange Commission on Monday.AT&T initially announced plans to acquire DirecTV (Nasdaq: DTV) in a deal worth $48.5 billion in May. Since then, it has undergone hearings and regulatory reviews that aim to determine whether or not the deal could be harmful to the market.

 

[whitewolf8214]

DirecTV: AT&T Merger Completed 'Shortly' | Multichannel..... DirecTV: AT&T Merger Completed 'Shortly' Files for Brief Extension Waiting for FCC to OK Deal - See more at: http://www.multichannel.com/news/te...completed-shortly/391812#sthash.6Yk60KgZ.dpuf

DirecTV and AT&T have agreed to a brief extension of the termination date of their merger, adding in a filing with the Securities and Exchange Commission that it expects the $48.5 billion deal to be consummated shortly.In a brief statement filed June 30, the satellite giant said the parties had agreed to an unspecified extension to the deal. The merger was expected to receive approval on June 30, but sources have said that it could bleed into early July.The deal, which will create a satellite TV and wireline communications powerhouse with more than 26 million video customers, was not expected to receive much pushback from the Federal Communications Commission (see "Sources: FCC Poised To OK AT&T-DirecTV Merger.")

 

[whitewolf8214]

Sources: FCC Poised to OK AT&T-DirecTV Merger Negotiations Over Conditions Said to be Wrapping Up - See more at: http://www.multichannel.com/news/po...tt-directv-merger/391725#sthash.lGDVZxtT.dpuf http://www.multichannel.com/news/policy/sources-fcc-poised-ok-att-directv-merger/391725

The word Friday from a host of industry sources tracking government vetting of the $48.5 billion merger between AT&T and DirecTV is expected to get the green light from the FCC and the Department of Justice soon, with negotiations over deal conditions wrapping up and a decision coming likely within "days" or at most a couple of weeks.While it's never over until it's over, multiple sources said the deal would be approved, perhaps as early as next week.The proposed merger never drew the kind of pushback from anti-consolidation activists that the failed Comcast/TWC merger did.

 

[Jimbo]

Why did at&t extend a deadline ... I guess it depends on what its referring to, I would have thought that the deadline extension would have been to the FCC.

 

[Jimbo]

Sources: FCC Poised to OK AT&T-DirecTV Merger Negotiations Over Conditions Said to be Wrapping Up - See more at: http://www.multichannel.com/news/po...tt-directv-merger/391725#sthash.lGDVZxtT.dpuf http://www.multichannel.com/news/policy/sources-fcc-poised-ok-att-directv-merger/391725

Now it sounds like it could be done next week or a few weeks at most .... I think I remember hearing the same thing a month ago.

 

[whitewolf8214]

U.S. approval of AT&T-DirecTV deal expected as soon as next week -sources http://finance.yahoo.com/news/u-approval-t-directv-deal-214525616.html

AT&T Inc's proposed $48.5 billion acquisition of DirecTV is expected to get U.S. regulatory approval as soon as next week, according to people familiar with the matter, a decision that will combine the country's No. 2 wireless carrier with the largest satellite-TV provider.The Department of Justice, which assesses whether deals violate antitrust law, has completed its review of the merger and is waiting on the Federal Communications Commission to wrap up its own, according to three people familiar with the matter.The FCC, which reviews if deals are in public interest, is poised to approve the deal with conditions as early as next week, according to three other people familiar with the matter.

 

[meStevo]

Why did at&t extend a deadline ... I guess it depends on what its referring to, I would have thought that the deadline extension would have been to the FCC.

There are always deadlines in these deals to complete them. They're extending it with also imminent

Just a procedural thing really.

 

[DS0816]

How many more extensions?

When is this likely to get completed? (Estimated month and year?)

Sent from my smartphone using Tapatalk.

 

[whitewolf8214]

AT&T-DirecTV merger approval expected next week
Jul 1 2015, 02:19 ET | About: AT&T Inc. (T) | By: Yoel Minkoff, SA News Editor http://seekingalpha.com/news/2608005-at-and-t-directv-merger-approval-expected-next-week#email_link

AT&T's (NYSE:T) proposed $48.5B acquisition of DirecTV (NASDAQTV) is expected to get U.S. regulatory approval as soon as next week, sources told Reuters.
The Department of Justice, which assesses whether deals violate antitrust law, has completed its review of the merger and is waiting on the FCC to wrap up its own.
The move would create the country's largest pay-TV company, giving DirecTV a broadband product and AT&T new avenues of growth beyond wireless service.

 

[mike123abc]

http://www.bloomberg.com/news/artic...titrust-approval-for-directv-with-fcc-pending

Reports now that the DOJ has signed off on the merger without conditions. The FCC still has to sign off, and there are rumors of the FCC wanting conditions like dropping out of the lawsuits over net neutrality and concessions over peering issues.

DIRECTV side of things of course did not have any issues, just the death star side of the merger...

 

[Juan]

http://www.bloomberg.com/news/artic...titrust-approval-for-directv-with-fcc-pending

Reports now that the DOJ has signed off on the merger without conditions. The FCC still has to sign off, and there are rumors of the FCC wanting conditions like dropping out of the lawsuits over net neutrality and concessions over peering issues.

DIRECTV side of things of course did not have any issues, just the death star side of the merger...

ATT was death star...att is really sbc a ATT divested company..no relation whatsoever to deathstar

 

[mike123abc]

ATT was death star...att is really sbc a ATT divested company..no relation whatsoever to deathstar

Just its young apprentice which is now the master....

 

[Juan]

Just its young apprentice which is now the master....

That's evil verizon

 

[Zashel]

That's evil verizon

i think if i had to classify any company as "evil" that would be comcast.

 

[Jimbo]

ATT was death star...att is really sbc a ATT divested company..no relation whatsoever to deathstar

I disagree with your idea about sbc ...afterall, it was cingular as well at the same time it was sbc.
That said, they did decide to go with at&t due to Name recognition.

SBC was just some big company that may have been owned by cbs in the long run ...

 

[Juan]

I disagree with your idea about sbc ...afterall, it was cingular as well at the same time it was sbc.
That said, they did decide to go with at&t due to Name recognition.

SBC was just some big company that may have been owned by cbs in the long run ...

it was a combination of baby bells pacific telesis amongst others..same with Verizon (verizon has nynex, bellatlantic, gte and mci)

 

[Jimbo]

it was a combination of baby bells pacific telesis amongst others..same with Verizon (verizon has nynex, bellatlantic, gte and mci)

and sbc was part of a conglomerate of all the northern bells, Ohio, Michigan, Wisconsin, Indiana and who am I missing. that eventually turned into Ameritech that turned into sbc .... as the bell turns.

 

[whitewolf8214]

Update: AT&T–DIRECTV Merger http://finance.yahoo.com/news/t-directv-merger-160646414.html

AT&T–DIRECTV merger..In late May, FierceCable reported that AT&T (T) and DIRECTV (DTV) sent a memo to the FCC (Federal Communications Commission), “pushing back on proposed deal conditions suggested by rivals including Dish Network (DISH) and Cogent Communications (CCOI).”Dish had proposed that after the merger, AT&T–DIRECTV should provide an Internet product at a fixed price and speed for seven years. AT&T has opposed this condition, stating that it is ready to provide such a service for three years following regulatory approval, but not beyond that. This is because AT&T would not have access to any broadband infrastructure with its purchase of DIRECTV.