The U.S. government is near approval of A&T’s proposed bid to buy DirecTV in a deal valued at $48.5 billion, according to press reports.
Citing various people familiar with the matter, Reuters reported Thursday that the U.S. Department of Justice had completed its review of the transaction and was waiting for the Federal Communications Commission to do the same.
The deal would form the largest pay-television company in the United States. AT&T would gain 34 million pay-TV subscribers, including nearly 13 million in Latin America.
Bloomberg reported that the Justice Department closed its investigation without seeking conditions such as the sale of business units, citing a person who wasn’t authorized to speak publicly.