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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

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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

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