Report: AT&T Readying Acquisiton of DirecTV for $50 Billion

We may earn a commission when you click links to retailers and purchase goods. More info.

No, it’s not Android related, but it is still big news for anyone interested in the telecommunications industry. The Wall Street Journal and Bloomberg are reporting that AT&T and DirecTV are in talks to announce a deal in the next two weeks, in which AT&T is to buy America’s largest Satellite TV provider for roughly $50 billion. 

According to sources familiar with the deal, AT&T will look to strategically place itself in the running for America’s TV watching habits, potentially offering a bundle of wireless, television, phone and high-speed broadband services.

DirecTV’s board would continue to run the company as a unit of AT&T’s if the deal goes through, with CEO Mike White planning to retire after 2015. Bloomberg reports that both companies are planning on a 12-month regulatory process to review the deal, as we have seen with other major deals of this type in the past. 

If we have any current customers of both AT&T and DirecTV here, let us know how you feel this deal could affect you below in the comments section.

Via: Bloomberg | WSJ



Collapse Show Comments