AT&T’s deal to acquire DirecTV has reportedly been approved by the FCC. The deal is believed to be worth around $49 billion, and will undoubtedly created one of the country’s largest content providers.

Earlier this week, Tom Wheeler – Chairman of the FCC – recommended the approval of the merger with certain conditions that would prevent the new large company from violating the new net neutrality rules that have been put in place.

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The DOJ’s investigation of the deal concludes 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.”

Neither AT&T, nor DirecTV have issued comments on the report.