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AT&T to Buy DirecTV for $48 Billion

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Mon, 19 May 14 2:28 AM | 45 view(s)
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AT&T to Buy DirecTV for $48 Billion

AT&T formally agreed on Sunday to buy DirecTV for about $48 billion, striking yet another transaction meant to overhaul the American telecommunications landscape.

Under the terms of the deal, AT&T will pay about $95 a share in stock and cash. That’s a roughly 10 percent premium to DirecTV’s closing share price on Friday and about 30 percent higher than where the company’s shares were trading before rumors of a deal began to emerge.

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http://dealbook.nytimes.com/2014/05/18/att-to-buy-directv-for-48-5-billion/?emc=edit_na_20140518




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