AfterDawn: Tech news

AT&T to announce acquisition of DirecTV on Monday

Written by Andre Yoskowitz (Google+) @ 17 May 2014 21:13 User comments (1)

AT&T to announce acquisition of DirecTV on Monday According to multiple reports and first reported by Buzzfeed, AT&T will announce their acquisition of satellite TV giant DirecTV on Monday.
The deal will be close to $50 billion, valuing DTV shares at about $94, a nice premium from Friday's closing price of $86 and a huge premium over the $77 price the shares were trading around when the first reports came out about negotiations.

AT&T is the U.S.' second largest wireless carrier and the company also offers TV and broadband services.

The deal will help AT&T offer wireless, broadband, TV and land line and be a one-stop shop for over 100 million consumers. AT&T has 10.4 million U-Verse Internet (fiber) customers but that number is likely to double in the coming year.

Tags: AT&T DirecTV
Previous Next  

1 user comment

118.5.2014 11:54

I wouldn't exactly describe u-verse as 'fiber'; usually when people speak of fiber, they're talking about FTTH (fiber to the home) which u-verse is not. I know they're starting to deploy that in Austin, but it's available anywhere else

Comments have been disabled for this article.

Latest news

A bug in Chrome allows you to download Netflix movies A bug in Chrome allows you to download Netflix movies (25 Jun 2016 15:21)
A group of security researchers have found a vulnerability in Google's Chrome browser that allows downloading movies straight from Netflix. This is obviously not a feature especially the entertainment ....
7 user comments
Three out of four Netflix customers would rather cancel than watch ads Three out of four Netflix customers would rather cancel than watch ads (25 Jun 2016 14:05)
For a long time Netflix was adamant on its pricing. No changes were made for a long time and everything seemed to be good. The markets obviously reacted and more expensive deals and original ....
4 user comments
Apple Music left in the dust, Spotify at 100 million subscribers Apple Music left in the dust, Spotify at 100 million subscribers (25 Jun 2016 12:01)
Spotify has told The Telegraph that it has surpassed the 100 million mark in subscribers. Paying subscribers was earlier this year reported to have passed 30 million. Apple meanwhile is having ....
2 user comments
Rumor has it that Apple has cancelled iPhone's dual camera Rumor has it that Apple has cancelled iPhone's dual camera (18 Jun 2016 18:05)
The next iPhone will be a major upgrade to current iPhone 6s. This biyearly full upgrade cycle provides us with a bigger upgrade every two years. But how will Apple update its number one product, ....
6 user comments
OnePlus releases new flagship killer, smaller X discontinued OnePlus releases new "flagship killer", smaller X discontinued (18 Jun 2016 16:11)
The small Chinese smartphone maker OnePlus took the world by storm two years ago by releasing a super cheap flagship smartphone. They called it the flagship killer, and it indeed challenged ....
4 user comments

News archive