ATT announced on Sunday that its board of directors has approved plans to acquire the nation’s leading satellite TV provider, DirecTV. ATT will play $95 per share for DirecTV in a cash and stock deal worth nearly $50 billion. If the deal is approved by regulators, it will make ATT the No. 1 pay TV provider in the world with a total of about 26 million subscribers. ATT’s full press release follows below. ATT to Acquire DirecTV Creates Content Distribution Leader Across Mobile, Video Broadband Platforms The premier pay TV brand with the best content relationships now poised to deliver video to multiple screens – mobile, TV, laptops and more – to meet consumers’ future viewing and programming preferences Unparalleled
Comments are closed.
