Federal Communications Commission Chairman Tom Wheeler has asked fellow commissioners to approve AT&T’s $48.5 billion acquisition of DirecTV, news outlets including Reuters and The Wall Street Journal reported today, citing anonymous sources.
“Wheeler on Tuesday circulated an order [to the other four commissioners] to approve AT&T Inc’s bid to buy DirecTV for $48.5 billion, according to people familiar with the matter,” Reuters wrote.
Wheeler’s office confirmed the news just after we published this article. Wheeler’s statement also detailed conditions the merged company will have to follow. Here’s what he said:
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