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05-19-2014, 02:02 AM
AT&T to Acquire DirecTV for $48.5 Billion
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AT&T has an**unced that it will acquire satellite broadcaster DirecTV for about $48.5 billion. The boards of both companies have approved the deal, according to a a joint statement (http://www.businesswire.com/news/home/20140518005046/en/ATT-Acquire-DIRECTV#.U3kirK1dVHC) released by the two companies.
According to the company's an**uncement, the purchase will enable AT&T to cover 70 million more customer locations through a broadband expansion, and will allow it to offer a more attractive "bundle" of services to entice customers away from subscribing to cable TV.
See also: Comcast to Acquire Time Warner Cable in Industry-Shaking Deal (http://mashable.com/2014/02/12/comcast-acquire-time-warner-cable/?utm_medium=feed&utm_source=rss)
“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," said AT&T chairman and CEO Randall Stephenson in a statement. “DirecTV is the best option for us because they have the premier brand in pay TV, the best content relationships, and a fast-growing Latin American business." Read more... (http://mashable.com/2014/05/18/att-aquires-directv/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
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AT&T has an**unced that it will acquire satellite broadcaster DirecTV for about $48.5 billion. The boards of both companies have approved the deal, according to a a joint statement (http://www.businesswire.com/news/home/20140518005046/en/ATT-Acquire-DIRECTV#.U3kirK1dVHC) released by the two companies.
According to the company's an**uncement, the purchase will enable AT&T to cover 70 million more customer locations through a broadband expansion, and will allow it to offer a more attractive "bundle" of services to entice customers away from subscribing to cable TV.
See also: Comcast to Acquire Time Warner Cable in Industry-Shaking Deal (http://mashable.com/2014/02/12/comcast-acquire-time-warner-cable/?utm_medium=feed&utm_source=rss)
“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," said AT&T chairman and CEO Randall Stephenson in a statement. “DirecTV is the best option for us because they have the premier brand in pay TV, the best content relationships, and a fast-growing Latin American business." Read more... (http://mashable.com/2014/05/18/att-aquires-directv/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
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