Tuesday, May 13, 2014

AT&T takes aim at Comcast with Direc TV Acquisition

AT+T may be on the verge of buying DirecTV for $50 million, which would be the largest in years and reshape the television business at a time of rapid change in the industry. Reports of rumors on the acquisition appeared all over the blogosphere today an a official announcement may be just weeks away. The Wall Street Journal, citing unnamed sources familiar with the matter, reports the two companies are discussing a deal that would involve a mix of cash and AT&T stock. A combined AT&T-DirecTV would hold a vast swath of wireless spectrum, the public radio signals that make smartphones and tablets work and would also be better positioned to compete against the proposed Comcast/Time Warner combined entity.  The pact would be a way to expand its video offerings, which is similar to how the Comcast and Time Warner Cable deal could deliver. AT+T currently provides pay-TV service through its U-Verse brand. MORE: WSJ - 05/12/2014 -
Bloomberg - 05/13/2014 - AT&T in Talks to Buy DirecTV for About $50 Billion

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