QUICK LINKS:

AT&T acquires DirecTV in $49B deal

Created: 05/18/2014 5:30 PM WHEC.com
By: Associated Press

AT&T says it is buying DirecTV for $95 per share, or $49 billion, a move that gives the telecommunications company a larger base of video subscribers and increases its ability to compete against Comcast and Time Warner Cable, which agreed to a merger in February.


Dallas-based AT&T's proposed combination could improve its Internet service by pushing its existing U-verse TV subscribers into video over satellite service, and thereby free up bandwidth on its telecommunications network.


AT&T currently offers a high-speed Internet plan in a bundle with DirecTV television service. The acquisition would help it further reap the benefits of that alliance.


DirecTV would continue to be based in El Segundo, California, following the merger.


The companies expect the deal to close within 12 months following a government review.





News10NBC/WHEC-TV welcomes your opinion and interaction on our website, but please remember to keep it clean. If you're advertising for another business, being profane, vulgar or slanderous your post will be deleted. By commenting on this website, you agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Use. Comments are not pre-screened before they posted.

Rochester

Scattered Clouds
62°
64° | 45°
  • Feels like: 62° F
  • Wind: SW 15mph
  • Humidity: 60%
  • Sun Mix of sun and clouds
    53° | 45°
  • Mon More sun than clouds
    57° | 39°
  • Tue Thunderstorms early
    70° | 52°
  • Wed Mostly cloudy
    60° | 55°