Today's Hard|Forum Post
Today's Hard|Forum Post

Saturday June 14, 2014

AT&T Officially Files for Its $48.5 Billion Bid for DirecTV

AT&T made it official on Thursday by filing intent with the FCC to acquire DirecTV. The only thing missing from this is the wailing and gnashing of teeth of subscribers to both companies who fear monopoly and unchecked higher prices will soon follow.

As part of the regulatory review process, the FCC and the Justice Department now have 180 days to review the merger, and decide whether or not it is in the public’s best interest, as well as determining any antitrust concerns.