http://finance.yahoo.com/news/t-agrees-buy-directv
Post# of 17653
Posted On: 05/18/2014 9:14:14 PM
http://finance.yahoo.com/news/t-agrees-buy-di...nance.html
LOS ANGELES (AP) — AT&T Inc. on Sunday agreed to buy satellite TV provider DirecTV for $48.5 billion, or $95 per share, a deal both companies described as transformational as they seek to take on cable companies and online video providers, delivering content to multiple screens —on living room TVs, PCs, tablets and mobile phones.
AT&T acquires DirecTV in $49B deal Associated Press
[$$] AT&T to Buy DirecTV in $49 Billion Deal, Creating Pay-TV Giant The Wall Street Journal
AT&T Agrees to Buy DirecTV for $48.5 Billion to Add Video Users Bloomberg
Could AT&T Buy DirecTV to Challenge Comcast? Motley Fool
Sources: DirecTV mulls merger Investor's Business Daily
With 5.7 million U-verse TV customers and 20.3 million DirecTV customers in the U.S., the combined AT&T-DirecTV would serve 26 million. That would make it the second-largest pay TV operator behind a combined Comcast-Time Warner Cable, which would serve 30 million under a $45 billion merger proposed in February.
"What it does is it gives us the pieces to fulfill a vision we've had for a couple of years — the ability to take premium content and deliver it across multiple points: your smartphone, tablet, television or laptop," AT&T's Chairman and CEO Randall Stephenson said on a conference call with journalists Sunday.
But the deal could face unique regulatory scrutiny from the Federal Communications Commission and Department of Justice. Unlike the cable company tie-up, the AT&T-DirecTV merger would effectively cut the number of video providers from four to three for about 25 percent of U.S. households. That's a situation that could result in higher prices for consumers and usually gives regulators cause for concern.
LOS ANGELES (AP) — AT&T Inc. on Sunday agreed to buy satellite TV provider DirecTV for $48.5 billion, or $95 per share, a deal both companies described as transformational as they seek to take on cable companies and online video providers, delivering content to multiple screens —on living room TVs, PCs, tablets and mobile phones.
AT&T acquires DirecTV in $49B deal Associated Press
[$$] AT&T to Buy DirecTV in $49 Billion Deal, Creating Pay-TV Giant The Wall Street Journal
AT&T Agrees to Buy DirecTV for $48.5 Billion to Add Video Users Bloomberg
Could AT&T Buy DirecTV to Challenge Comcast? Motley Fool
Sources: DirecTV mulls merger Investor's Business Daily
With 5.7 million U-verse TV customers and 20.3 million DirecTV customers in the U.S., the combined AT&T-DirecTV would serve 26 million. That would make it the second-largest pay TV operator behind a combined Comcast-Time Warner Cable, which would serve 30 million under a $45 billion merger proposed in February.
"What it does is it gives us the pieces to fulfill a vision we've had for a couple of years — the ability to take premium content and deliver it across multiple points: your smartphone, tablet, television or laptop," AT&T's Chairman and CEO Randall Stephenson said on a conference call with journalists Sunday.
But the deal could face unique regulatory scrutiny from the Federal Communications Commission and Department of Justice. Unlike the cable company tie-up, the AT&T-DirecTV merger would effectively cut the number of video providers from four to three for about 25 percent of U.S. households. That's a situation that could result in higher prices for consumers and usually gives regulators cause for concern.
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