AT&T acquires DirecTV for 48.5 billions

[AlexGoesHigh]

AT&T surely wants its old empire back

 

AT&T wants to take TV seriously. The company has announced plans to acquire satellite provider DirecTV, and if the deal is approved by regulators, the merged firms will control some 26 million TV subscribers. That would make it second only to the hypothetical 30 million accounted for by the Comcast-Time Warner Cable merger, which is still pending. The Wall Street Journal first reported that the boards of each company had approved the deal for a price of $95 a share — which values the satellite TV provider at $48.5 billion. In a press release, AT&T confirmed the news, adding that the acquisition will be a stock-and-cash deal.

 

DEAL GIVES AT&T MORE OPPORTUNITIES TO BUNDLE SERVICES

 

The two companies already work together to bundle DirecTV with phone and internet from AT&T, and the opportunity of offering complete packages was likely a part of the appeal for the acquisition. AT&T currently has very limited TV service through U-verse, which is available in a limited number of states and covers roughly 5.7 million customers. Meanwhile, DirecTV has struggled as it, unlike cable companies, cannot make up for lost TV revenues by transitioning users to internet packages. AT&T notes in a press release that the acquisition will let the company "offer bundles that include video, high-speed broadband, and mobile services using all of its sales channels" including "AT&T’s 2,300 retail stores and thousands of authorized dealers."

honestly is getting sick that US enterprises prefer to bid massive amounts of cash to competitors instead of improving its services with said cash, from a business standpoint is the best thing to do, but this practice someday is going to bite them in the ass for still having crappy infrastructure -__-

 

Source: The Verge 

 

edit: change format from mobile post to proper news post

Edited May 19, 2014 by AlexGoesHigh

[terrytek]

Oh shit. Not good.

[Bluejay0]

GOODBYEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE INTERNET!

[dlf]

50 b that could be used for faster bloody internet.

[Poohy14]

well this sucks because I have DirecTV

[ionbasa]

AT&T wants to buy Direct TV, they haven't done it. 

To OP: please update the misleading title.

[Guest]

This can be either good or bad depending on how it goes. (Who am I kidding crap is going to hit the fan)

[Misanthrope]

48 Billion dollars!

[toughtrasher]

This can be either good or bad depending on how it goes.

Geez, you should be my financial advisor

[Guest]

Geez, you should be my financial advisor

Oops i forgot to finish the comment. lol

[Kilerbomb]

"But we don't have enough money to upgrade our infrastructure!"  <_<

[matin94]

gg. im glad i dont live in the US. also sooner or later, i'll have to move to South Korea

[terrytek]

Any new stuff? Have they  bought anything yet?