AfterDawn: Tech news

AT&T to announce acquisition of DirecTV on Monday

Written by Andre Yoskowitz @ 17 May 2014 9:13 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

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....

News archive