AT&T Agrees To Deal To Acquire DirecTV For $48.5 Billion

DirecTV and AT&T

 

AT&T said Sunday that it had agreed to acquire America’s biggest satellite television provider, DirecTV, in a deal worth almost $50 billion. The boards of the two companies met on Sunday to approve the plan. “This is a unique opportunity that will redefine the video entertainment industry and create a company able to offer new bundles and deliver content to consumers across multiple screens — mobile devices, TVs, laptops, cars and even airplanes,” Randall Stephenson, the chief executive of AT&T, said in a statement. He described DirecTV as the “best option” for AT&T “because they have the premier brand in pay TV, the best content relationships, and a fast-growing Latin American business.” AT&T’s existing television service, called U-verse, only has about 5 million subscribers. DirecTV has more than 20 million.

Read the full story at CNN.

Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.