AT&T to announce DirecTV takeover
 

AT&T Inc is set to announce its expected acquisition of top U.S. satellite TV operator DirecTV on Sunday, according to a report by online news website Buzzfeed.com.


A spokesman for AT&T said the firm would make no comment on the report. DirecTV did not immediately respond to a request for comment.

AT&T has been in active discussions to buy DirecTV for nearly $50 billion (29.7 billion pounds), or low to mid-$90s per share, and has been working to finalize a deal in the next few weeks, Reuters reported last Monday.

Citing a source close to DirecTV, Buzzfeed.com said that DirecTV chief executive Mike White has told senior executives a deal had been reached and would be announced Sunday.

Reuters reported this week that AT&T was working with investment bank Lazard Ltd in talks for a potential takeover of DirecTV.

http://news.msn.com/science-technolo...-sunday-report

Re: AT&T to announce DirecTV takeover
 

The DOJ has to do something about all of these huge corporations merging and making monopolies.

Re: AT&T to announce DirecTV takeover
 

as long as DirecTV carries the SEC network I dont care who owns them

Re: AT&T to announce DirecTV takeover
 

This^ I was starting to get worried for a minute there.

Re: AT&T to announce DirecTV takeover
 

I think the DOJ still has to approve it.

Re: AT&T to announce DirecTV takeover
 

Technically it is not really a monopoly seeing how there are numerous other companies who offer TV/Internet service.

Re: AT&T to announce DirecTV takeover
 

if AT&T is smart, they will keep the DirecTV name when they enter into certain areas so that they will be allowed there. AT&T is not allowed in Lexington. If they kept some type of separate division and allow them to run under that name and almost as a para AT&T entity, they can go into places but they are not allowed in.

Re: AT&T to announce DirecTV takeover
 

I have had Direct TV for almost 20 years, I am a very valued customer, and they give me slack in areas at times I am sure they don't everyone else. Will this be erased as soon as AT&T takes over? That is all I am worried about.

Re: AT&T to announce DirecTV takeover
 

This puts A T & T on par with Comcast, Time Warner and Verizon being able to offer a complete package (phone, internet and TV) to DIRECTV customers. DIRECTV now offers internet service but it's very expensive.

Re: AT&T to announce DirecTV takeover
 

If they're just taking over directv existing satellite network then there's still lots of places where people will have the tv service but no AT&T internet available.

Re: AT&T to announce DirecTV takeover
 

Its Official.. AT&T buys DirecTV for 48.5 Billion dollars.
http://dealbook.nytimes.com/2014/05/..._20140518&_r=0

Re: AT&T to announce DirecTV takeover
 

this helps AT&T get their foot in the doors of Directv satellite customers (like myself).

Re: AT&T to announce DirecTV takeover
 

I guess the DTV subscribers will have the SEC Network. Big acquisition but I guess if it was alright for Comcast then it should be alright for AT&T. I like AT&T because they aren't scared to spend money to get what they want.

Re: AT&T to announce DirecTV takeover
 

While it may be bad news from an anti-competitive standpoint is is good news for my Direct TV stock. :)