Net neutrality rules could also be “a significant issue” in the FCC’s review of a proposed transaction between AT&T and DirecTV, according to Bloomberg Intelligence analysts Paul Sweeney and Sean Ford. The $48.5 billion deal, expected to close in the second quarter pending approval from the FCC and the Justice Department, would contribute to a reordering of the competitive landscape among pay-TV providers.
“While the merger is expected to close by the first half of 2015, there are no guarantees,” Breier said in an e-mailed response to questions Feb. 19. “It’s not surprising that some investors are willing to forgo a piece of the deal spread by buying protection in the event the deal falls apart.”
via AT&T’s Predicament Rattles Investors as FCC Vote Looms: Options – Bloomberg Business.