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Feds Clear $48.5B AT&T-DirecTV Deal

MERGER

Making DirecTV biggest cable provider in U.S.

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Reuters

The Federal Communications Commission cleared the way Friday for AT&T to purchase DirecTV for $48.5 billion. The deal will make DirecTV bigger than Comcast or Charter, with 26.4 million cable and satellite TV providers. Charter is looking to make a similar deal by purchasing Time Warner Cable.

Read it at AP