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.
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 ...