AT&T has agreed to acquire DirecTV in order to expand its consumer offerings across additional platforms and better compete in the ever-evolving telecom industry. The merger of the U.S.’ second-largest wireless provider and second-largest pay-TV company would be worth about $48.5 billion. With the inclusion of DirecTV’s net debt, the total transaction value would rise to $67.1 billion. AT&T will pay $95 — $28.50 in cash and $66.50 in stock — for each share of DirecTV, about 10 percent above DirecTV’s closing price last week.
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AT&T Gambles on DirecTV
Posted by: Rachelle Dragani May 20, 2014 11:38 AMAT&T has agreed to acquire DirecTV in order to expand its consumer offerings across additional platforms and better compete in the ever-evolving telecom industry. The merger of the U.S.’ second-largest wireless provider and second-largest pay-TV company would be worth about $48.5 billion. With the inclusion of DirecTV’s net debt, the total transaction value would rise to $67.1 billion. AT&T will pay $95 — $28.50 in cash and $66.50 in stock — for each share of DirecTV, about 10 percent above DirecTV’s closing price last week.