AT&T May Buy DirecTV for $50 Billion
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.
AT&T Talking to DirecTV About Potential Acquisition
AT&T has spoken to DirecTV about the possibility of acquiring the satellite TV firm, according to The Wall Street Journal. Citing sources familiar with AT&T's plans, the Journal says AT&T wants to grab more pay-TV marketshare and approached DirecTV after Comcast made a bid for Time Warner earlier this year.
FCC and Justice Dept. Likely to Approve AT&T-DirecTV Deal
The FCC and Department of Justice are wrapping up their review of AT&T's proposed $49 billion acquisition of DirecTV and don't have any real concerns, according to people familiar with the matter. The agencies may still impose conditions on the deal, but aren't likely to block it, says the Wall Street Journal.
DirecTV Shareholders Approve AT&T Merger
DirecTV's shareholders today voted overwhelmingly in favor of merging with AT&T. The vote of confidence from DirecTV's shareholders is just one of several the deal faces.
AT&T Debuts Wireless/DirecTV Bundles
AT&T today rolled out combined wireless and television packages that rely on its recent acquisition of DirecTV. The basic package includes four wireless lines with unlimited talk and text with 10 GB of shared data and HD television service with up to four receivers (DirecTV or U-verse) for a combined price of $200 per month.
This has gone way too far.
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 ...