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AT&T May Buy DirecTV for $50 Billion

Article Comments  19  

May 12, 2014, 4:19 PM   by Eric M. Zeman   @phonescooper

AT&T is in "advanced talks" to acquire DirecTV for about $50 billion, according to sources cited by Bloomberg. The deal, which values the satellite TV provider at about $100 per share, may be reached sometime in the next two weeks. The companies expect to face a 12-month regulatory review process, after which DirecTV would operate as a separate unit owned by AT&T. A tie-up between the two firms was suggested as a possibility by The Wall Street Journal last month. AT&t already operates home TV, telephony, and internet businesses, in addition to its wireless business. DirecTV would supplement its home TV offering.

more info at Bloomberg »
more info at Wall Street Journal »

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Comments

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Slammer

May 12, 2014, 6:43 PM

This has gone way too far.

AT&T was one of the largest monopolies in the world with over a million employees. It was targeted and speared to break up as to provide choices for consumers and eliminate a total control over the state of the wireless industry.

Now, AT&T wants to take over pay tv all while trying to snuff out wireless carriers as well.

Does anyone here understand why me and many others have constantly posted our opinions why we need to keep Verizon and AT&T under control? These two companies are far more financially equipped to do just about anything they want. I would advise anyone that disagrees with me to keep the argument that the smaller carriers have had plenty of chance to grow. This simply isn't the case. The moment the monopoly was broken ...
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They already are put back together, it's too late and the death star is coming for you lol... Southwestern and Atlantic were the most powerful from the start its pretty obvious but also the fault of other providers for not being as aggressive while th...
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If I remember correctly, you also swear by the Samsung Galaxy. So....hard to take your opinion seriously, lol.
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I am sure it would be OK if Sprint or Softbank were to buy our DirecTV, right? Lol
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The FCC and FTC have co-ruled that ATT won't be a monopoly unless their CEO dons a suit with tails, a top hat and monocle.
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As far as wireless goes the smaller companies have very large parent companies that could invest if they want. But they don't.
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