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DOJ Approves Massive AT&T, DirecTV Merger

AT&T Inc has won U.S. antitrust approval to buy DirecTV for $48.5 billion, an acquisition that will combine the country's No. 2 wireless carrier with the largest satellite-TV provider, the Justice Department said on Tuesday.

"After an extensive investigation, we concluded that the combination of AT&T's land-based Internet and video business with DirecTV's satellite-based video business does not pose a significant risk to competition," Assistant Attorney General Bill Baer of the Antitrust Division said, in a statement.

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