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The Firm is representing DIRECTV’s Compensation Committee in connection to AT&T’s acquisition of DIRECTV in a stock-and-cash transaction with a total equity value of $48.5 billion and a total transaction value of $67.1 billion. The merger is subject to approval by DIRECTV shareholders and review by the U.S. Federal Communications Commission, U.S. Department of Justice, as well as a few U.S. states and some Latin American countries. The transaction is expected to close within approximately 12 months.

DIRECTV (NASDAQ: DTV) is one of the world’s leading providers of digital television entertainment services. Through its subsidiaries and affiliated companies in the United States, Brazil, Mexico and other countries in Latin America, DIRECTV provides digital television service to over 20 million customers in the United States and more than 18 million customers in Latin America. AT&T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and internationally.

The Simpson Thacher team includes Brian Robbins, Jamin Koslowe and Patricia Adams.