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Feds unlikely to block AT&T-DirecTV deal: Report

A pedestrian looks at a mobile phone while walking past an AT&T store in Washington, D.C.
Andrew Harrer | Bloomberg | Getty Images
A pedestrian looks at a mobile phone while walking past an AT&T store in Washington, D.C.

Federal authorities are unlikely to block AT&T's proposed acquisition of DirecTV, according to a new report.

The Wall Street Journal reported Tuesday that the Justice Department and the Federal Communications Commission are nearly done with their review of the $49 billion deal, citing sources indicating that the regulators will not stop it from happening.

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While the Journal said authorities may still attempt to place conditions on the deal, it noted the contrast to the government's opposition to Comcast's recently dropped bid for Time Warner Cable. (Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.)

The Journal report said that the DOJ had not raised concerns about the deal and that FCC staff may recommend some conditions which would not be unacceptable for AT&T.

Following the report, DirecTV's stock jumped more than 1.5 percent, and AT&T's rose about 1 percent.

AT&T declined to provide a comment to CNBC.

For more on authorities' reviews of the proposed deal, see the Wall Street Journal's article.