An Interest In:
Web News this Week
- April 14, 2024
- April 13, 2024
- April 12, 2024
- April 11, 2024
- April 10, 2024
- April 9, 2024
- April 8, 2024
AT&T to Aquire DirecTV for $48.5 Billion
AT&T has announced that it will acquire satellite broadcaster DirecTV for about $48.5 billion. The boards of both companies have approved the deal, according to a a joint statement released by the two companies.
According to the company's announcement, the purchase will enable AT&T to cover 70 million more customer locations through a broadband expansion, and will allow it to offer a more attractive "bundle" of services to entice customers away from subscribing to cable TV.
“This is a unique opportunity that will redefine the video entertainment industry and create a company able to offer new bundles and deliver content to consumers across multiple screens –- mobile devices, TVs, laptops, cars and even airplanes," said AT&T chairman and CEO Randall Stephenson in a statement. “DirecTV is the best option for us because they have the premier brand in pay TV, the best content relationships, and a fast-growing Latin American business." Read more...
More about Deals, Att, Cable, Directv, and BusinessOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/am0Ymq1Evkg/
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable