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AT&T to Acquire DIRECTV for $48.5 Billion

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Last week, a report surfaced suggesting that AT&T was on the verge of acquiring DIRECTV for close to $50 billion. Today, that deal became official for $48.5 billion.

Together, AT&T thinks the companies can become a content distribution leader across mobile, video and broadband platforms. To be more specific, the deal will help AT&T and DIRECTV “better meet consumers’ future viewing and programming preferences, whether traditional pay TV, on-demand video services like Netflix or Hulu streamed over a broadband connection (mobile or fixed) or a combination of viewing preferences  on any screen.” 

Consumer bundles that include everything from video and high-speed broadband to mobile services could be a part of the future, plus the combination of the companies creates all sorts of operating efficiencies.

For the most part, at least for now, this move shouldn’t impact your AT&T wireless service at all.

From the press release – “This purchase price implies a total equity value of $48.5 billion and a total transaction value of $67.1 billion, including DIRECTV’s net debt.”

Via:  ATT
  • Miss Mina

    America was build on ethics. Religious, personal ect. Remember that. Some companies have Americans personal ethics in mind. This might be a good combination? Did anyone think of that?

  • EngineerGA

    Man, I pray this doesn’t get FCC approval. I got DirecTV specifically to avoid Uverse and the horrible AT&T climbing prices and declining service. I spent hours, literally hours, on the phone with at least 6 calls for each issue I had with them, tech support or billing screw ups. Each person seemed friendly and then promised to fix it with no results. If the bill credit did show up for the overcharge or if they did get my tech issue resolved, it came back shortly after and resulted in another call. I had pages and pages of notes, names, etc from my calls. I hate no one or thing, but AT&T would be the #1 company I hated if I did.

    On the contrary, DirecTV has been a breeze through a move, installing both houses, and sending the old boxes back until we got the new house built and ready for install. They are friendly, have reliable service, and actually do what they say they are going to do. Please don’t AT&T my DirecTV!

  • KennyVeltre

    GG Net Neutrality

  • Skrewee Lewee

    I REALLY hope this doesn’t affect my satellite service, which I can’t see them doing (hopefully). I do hope that this will help get me another option for internet. Comcast is killing me and my bank account!

  • [A]dri[A]n

    The two best companies getting together! Oh yeah! Bring it on.

  • Jacob Dagenais

    Well looks like as Canada calls for telco/cableco reform the US decides to create an ogiopoly…

  • LRS Kitty

    Industry is trying to come alive. Remember values mean the world. Help the world to a better place. Inject reality open it and get it done.

  • Timewilltell

    I see this going through more than the Comcast and TWC deal. My reasoning, There will technically still be 2 sat providers in the end, just AT&T will be the parent company (think of it as Disney owning ABC). The Comcast and TWC deal though that would be merging cable and cable thus creating a monopoly. I know some will say that AT&T having Uverse and that would eliminate competition, but honestly Uverse is such a small market that it would be irrelevant in the whole picture. Not looking to cause an argument in this post just saying what I think will happen.

  • Kim R Leonard

    My Uncle John got
    an almost new blue Dodge Avenger Sedan just by some part-time working online
    with a cheap laptop… you can try this out Works77­.­C­O­­M

  • NoNoNO

    FCC?
    This looks especially suspicious if you remember about NET NEUTRALITY and proposed [and lobbied by AT&T/Verizon?] “fast lanes” for the internet/content.

    WE don’t need such a dangerous level of “user”-focused monopolization.
    If this goes thru, tomorrow carriers may start to persuade the FCC/Congress that they need to acquire Microsoft to compete better in wireless and content distribution.

    FCC should allow Sprint and T-Mobile to MERGE.

  • dizel123

    I have U-Verse. One day I came home and my cable and internet were both off. I called customer service and they said it was shut off for non pay. I told them I did pay it and gave them my confirmation number. They apologized, turned it back on right away and gave me the next month free. I can’t really complain too much about that. Now all they need to do is add NFL Sunday ticket once this deal is finalized and I’ll be one happy camper.

    • tomgillotti

      I hope AT&T makes Sunday Ticket better…. it’s awful right now, especially the streaming version. I have better luck finding 3rd party websites to stream football games than I do with DirecTV’s NFL Sunday Ticket streaming service.

  • antinorm

    Why I will absolutely never be a DirecTV customer (and by proxy now, an AT&T customer):

    http://www.cbsnews.com/news/will-directv-sue-you-next/

    If there was ever a case for the ‘corporate death penalty’, this should have been it.

    • socalrailroader

      Directv rocks, they blow away Comcast TV up here in Mendocino County in NW CA. We do have Comcast HSI though.

    • Keg Man

      the guy was enabling theft just like the old days of the cable black boxes.

  • Rashad

    I wish they would have went after Dish Network instead. I like DirecTV.

  • B Baxter

    AT&T is the best telco. They will make DirecTV even better.

  • thelolotov

    Oh God no.

  • A WOMAN ON MENOPAUSE

    no issue here as i dont have cable or sat tv…

  • Fiorta

    Everyone bashing AT&T but as far as TV goes, they are far and away the best service available. Price is decent and service is great. I’ve had em all, by far they’re the best.

    • MicroNix

      AT&T has the worst customer service I’ve ever had the displeasure of dealing with. On the other hand, when I had DirectTV, it was great service. I hate that they are being acquired by the death star. This is a sad day.

      • Col Jones

        There is only so much a service rep can do, they can’t fix stupid.

      • Fiorta

        I disagree. Every time i have billing issues they handle it. Every time my contract incentives are about to run out, they give me new ones that are the same or better. I’ve had them for 5 years. Every year my bill drops and my services either stay as is or get better.

        • fred

          I disagree…. Every time I call I get the run around and continually placed on hold.

    • Tom Z

      Are you kidding about U-Verse? The picture quality is horrible compared to DirecTV. I just hope that AT&T doesn’t screw that up!

      • Fiorta

        No I’m not kidding. My tv service with them has always been great.

  • AndrewScottRox

    Where’s Tyler Durden when you need him?

  • Neil Voskeritchian

    Hopefully AT&T adopts DirecTV’s customer service. AT&T is the worst company to deal with if you have any problems. They still insist on providing customer service overseas… Hmm what to do with all my DirecTV stock?

    • Fiorta

      I can honestly say AT&T U-Verse support is one of the more pleasant experiences i have with CS

      • Neil Voskeritchian

        I should probably clarify. AT&T home service is horrendous. I can literally here them flipping their their help playbook. I think AT&T mobile is much different with their support from what I know.

    • MistaButters

      AT&T U’Verse also doesn’t have 24/7 support, which seems absurd in 2014.

    • https://www.heartbleedbug.com Intellectua1

      I personally have never had problems with AT&T customer service, also I live in Seattle and everytime I call 611 I get people in Washington state.

  • benjaninja

    :[

  • Josh Jones

    Its like the gilded age all over again and with the supreme court so thoroughly in the pockets of mega-corps it would be unsurprising if we found out in a decade that AT&T-DirecTV and TimeWarner-Comcast had been price-fixing since they dominate the market so heavily.

  • wandy

    I wonder what this will do to the prices if they will go up and by how much

    • Keg Man

      if you just spent 50 billion dollars, what would you do to start earning it back?

  • kenerd

    Great….time to leave direct…I hate att…loser sinking company. They are just trying to stay alive

    • No Dummies

      See ya!

    • https://www.heartbleedbug.com Intellectua1

      Ummmm AT&T is not sinking.

  • brett

    Would att uverse get the Sunday ticket now

    • Fiorta

      I hope so!

  • master94

    Yeah more mergers said no one ever

    • A WOMAN ON MENOPAUSE

      some could be good

      and you may be surprised kid at many companies that are aroud today were part of mergers

    • PewPewK

      Mergers are not always bad, and can actually increase competition. But that’s only true for companies without much market share merging with other companies without much market share. An acquisition like this is doesn’t fall into that category, but still, not all are inherently bad.

  • Joe Butler

    Regulatory hurdles?

    • R One

      Should be none. There are other cable and satellite companies. AT&T is a small player in video. If it was a telco merger that would be a different story.

  • cgalyon

    This would not be good. It hasn’t gone through yet, right? AT&T is just announcing their plans?

  • tech247

    First Comcast and TWC. Now AT&T and DirecTV???? Hope the FCC and Congress are not asleep at the wheel. If all these mergers go through, we will all be paying more with fewer choices when it comes to deflecting elsewhere.

    • scotch1337

      you mean as they pass crap legislation like they have been?

    • Fiorta

      Haha! This guy thinks Congress cares

      • The Narrator

        Good thing we can vote them out this November and get people in there that won’t be crybabies. Boner needs to go.

        • Ryan

          HAHA! You think most people notice. Most people are too stupid which is why they are there in the first place.

          • The Narrator

            They’re too worried about screaming “Benghazi” than working on helping the President. Most people are too stupid to notice that and they’re sheep.

          • Concerned Citizen

            Why would any politician want to help President Obama? All he has done is raise taxes, hurt the economy, screw up health care, make the USA look like idiots in foreign policy, and have several major scandals that are still being investigated. A good politician should be working to make our lives better by fighting against high taxes, bloated government, and our rights getting trampled.

          • emcdonald75

            That is not the truth!!! People have to start calling people out on these lies. Government is the issue now because it is stalled by the Republican party. More people are signing up for health care, we actually have jobs being created each month instead of losing them, foreign policy is screwy for any President especially dealing with incompetent world leaders, and raise taxes on who? Some corporations and wealthy individuals don’t pay any taxes. I pay taxes every month and year. The major scandals you refer to are being debunked as fishing expeditions. Listen to what each party is saying. Listen to the ideas given by political leaders and determine which policies are your political beliefs. I know this is a tech website, and I visit tech sites to read tech news. However, I get so tired of hearing this crap about the President with little responsibility given to the lawmakers in Congress, who stall everything. They cannot make up their minds for lunch much less legislation. So I side with the President even if I have to side with him alone because I am not scared to call out the crap being spewed all over the Internet about him. We might not agree on policies, but we cannot exist in the same reality if America’s problems exist in only one branch of government. I call out the Supreme Court too for giving corporations the same rights as a U.S. citizen and literally allowing them to get away with murder, i.e. oil spills, chemical spills, bomb trains, etc. I am a concerned citizen too, but I am a concerned citizen that looks at a multitude of facts from all sides before making a decision, such as published, peer-reviewed, statistical data or do we as a society do that anymore. Our rights are getting trampled because we are giving them up because we are not politically active. We are allowing our democracy to become an oligarchy. Please, I encourage everyone to study facts from a multitude of sources from a multitude of political beliefs and use the Internet to reference everything. You might not have a lot of money but you still have a right to vote.

          • Cowboydroid

            Stop it.

          • Concerned Citizen

            With all due respect, you sound like Jay Carney defending the president no matter what lies he has to tell. The Obama scandals are real, the Obamacare health care takeover is an unmitigated disaster for health care and freedom, wealthy Americans and average citizens are getting hammered with taxes, while the bottom 47% are sucking from the government and paying no income tax, and the Supreme Court should have struck down several things as unconstitutional including Obamacare which violates the US Constitution. It is liberals like you who think individual Americans owe you something, and that you have a right to tell others how they have to live. You also were obviously raised in a household that doesn’t understand the economy, because those companies you rail against are the lifeblood of the economy and the jobs they produce. You are right people should do independent research. You need to start doing some yourself. Firstly you should read the US Constitution and get a clue what principles the USA was created to defend. Personal freedom, limited government, the pursuit of happiness, not big government running our lives. Thank God there are some Republicans in Congress trying to stop the madness known as Harry Reid and Barack Obama. If you like all that big government socialism stuff you should visit France or Sweden. They have it in spades over there. Don’t ruin the USA for those of us who prefer freedom.

          • emcdonald75

            First of all sir, I have read the U.S. Constitution, and I have not seen where it has been broken by the President or the average Joe. You take the Constitution and twist it into into your own personal beliefs. I have a perfect sense of the economy and my family as as well, I have my own house (paid for), cars (paid for), and almost done with student loan debt, so I I can be debt free at the age of 40. What kills me, is that is always always the poor sucking on the government, but no understanding how corporations suck on that same government all of the time with no argument from you. Walmart has confessed that they rely on the government to give their workers assistance so they can continue providing low wages. Oil companies get billions in subsidies from the government but also make billion dollar, record profits. How can conservatives talk about personal freedom, and you vote down the LGBT community having the freedom to marry and work without discrimination and giving women personal freedom over their own bodies. You cannot pursuit happiness in this country, unless it is what conservative, Christians deem as happiness for you. I thought the founding fathers came to this country to escape such restrictions and persecutions. Senator Reid and President Obama has not placed in no such big government socialism, look the word up and then look around. Heck, a little socialism might do some good, the United States is becoming the last or moving down the list in everything, ie education, health-care, and civil liberties. The only categories in which we flourish in are prison population, gun deaths, and poor health outcomes. I love my country but I have to call a Spade a Spade. To fix problems, you have to first know what those problems are. Your principles are are not everyone’s principles! This is a huge country with a multitude of religions, beliefs, cultures and ethnicities. All people deserve respect and you you should try to understand them without always trying to kick people out of the country as if it is yours alone. Small businesses and ordinary citizens are the lifeblood of this country, without them large corporations will fall. They act high and mighty but they need us to work for them or buy their products and services, or both. The Republicans are a party gone mad with hate and it shows in the lies they they tell. Their racism, bigotry, sexist, and xenophobia is demonstrated in in the media every day, and Republicans tend tend to proud of it. But American citizens are becoming a more diverse population and we were starting to call out this nonsense. This is what scares the Republican party and why they try to restrict voting rights and civil liberties. Their arguments do not make sense with young people and other ethnicities in this country. Try strengthening democracy for all of us, even those that don’t look or act as you.

          • emcdonald75

            Sorry Sorry for some misspellings and double words. I am using SwiftKey keyboard on my Galaxy Note 3 and it is difficult when typing in a Web browser.

    • MistaButters

      Tom Wheeler (head of the FCC) used to be a lobbyist for the cable and wireless industry.

      So yeah, they aren’t asleep. They are going to help drive this ship.

    • Robert Boluyt

      FCC and Congress aren’t asleep at the wheel. They’re well aware of who’s paying them and who is not.

    • ohhellnaw

      That’s the American way, pay more get less.

  • Kyle Null

    I’d rather have them spend that ~$50b on upgrading their cell towers. I want LTE!

    • d-rock

      If you get 3G, you’ll get LTE eventually I have no doubt.

  • El_Big_CHRIS

    Hope it doesn’t go thru

    • http://twitter.com/geoff5093 Geoff Johnson

      “Today, that deal became official for $48.5 billion.”

      • El_Big_CHRIS

        Doesn’t the Fcc have to approve it ?

        • http://twitter.com/geoff5093 Geoff Johnson

          Looks like you’re right, I wouldn’t know it from this article, which made it sound official. I just read it on another site which said it still needs to be approved.

          • d-rock

            I’m pretty certain this is a done deal….no reason why the FTC wouldn’t approve this. It doesn’t eliminate any competitors. TW and Comcast should be denied though.

          • Dane Carpenter

            Other than the FCC is ran by Comcast

          • JasonS

            They are competitors. Both AT&T Uverse and Directv offer TV service. I wonder if AT&T would continue expanding their Uverse fiber optic network if they own Directv. I kind of doubt it.

          • d-rock

            I think they will honestly, in certain markets anyways. Their expansion has been nearly non existent anyways.

  • http://teslacentral.com/ Tim

    How would you like to pay for this? Cash or credit?

    Just put it on the card. Get some good cash back rewards on this.

  • alarson83

    We need to be breaking up the content, content delivery, and internet sides, not letting more combine.

    • Cowboydroid

      You mean we need to discontinue the franchising of telecommunication services.

  • Bombela_Inc©

    No pos wow

  • The Narrator