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.

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.