Netflix urges FCC to reject AT&T-DirecTV merger

Claiming it would hurt online streaming services, Netflix Inc. officials are urging the Federal Communications Commission to reject the pending $48 billion merger of AT&T Inc and DirecTV.

Reuters reports that during an April 30 meeting, Netflix officials told more than 20 FCC staff the merger would make AT&T the largest multichannel video programing distributor in the country and could lead to it becoming the biggest Internet service provider, as well.

"Such market power creates new incentives and abilities to harm entities that AT&T perceives as competitive threats and will exacerbate the anticompetitive behavior in which AT&T has already engaged," Netflix officials said.

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