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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| (MM) | NASDAQ:CMCSK | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 58.00 | 0 | 01:00:00 |
From May 2019 to May 2024
Netflix Inc. told regulators it would object to AT&T Inc.'s proposed $49 billion acquisition of DirecTV unless conditions were imposed to protect competitors that distribute video over the Internet.
In a meeting with staff at the Federal Communications Commission, Netflix said the merger would leave AT&T as a big broadband provider with a giant stake in traditional pay television, giving it "incentive and ability to harm online video distributors."
"Netflix urges the Commission to reject the merger as currently proposed, " the company said in a filing.
A Netflix spokeswoman said the company has been active in regulators' review of the deal and pushing for "appropriate remedies," but doesn't oppose the deal outright.
An AT&T spokesman declined to comment. Netflix has previously filed concerns about the deal, along with others, including Internet wholesaler Cogent Communications Holdings Inc.
Comcast Corp.'s $45 billion deal for Time Warner Cable fell apart amid regulators' concerns about the risks to emerging online video platforms. AT&T's deal has been getting an easier ride, however. The FCC sees it as helping competition and aiding the spread of broadband into rural areas that lack service, people familiar with the matter have said.
Write to Thomas Gryta at thomas.gryta@wsj.com
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