DirecTV shareholders have approved the AT&T acquisition

Shareholders of satellite TV service provider DirecTV have voted in favor of accepting a very lucrative acquisition offer by communications company AT&T, the companies announced today. AT&T announced its plans to take over the satellite TV company back in May, with the deal being worth $48.5 billion. The move would give AT&T a nationwide TV service that could theoretically compete with the likes of Netflix, Hulu, and others while also giving the telecom another service to bundle with its wireless data, broadband Internet, and phone services.