AT&T to
Acquire DirecTV for
.5 Billion
AT&T has an**unced that it will
Acquire satellite broadcaster
DirecTV for about
.5 billion. The boards of both companies have approved the deal, according to a
a joint statement 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
“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."
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