AT&T agrees to buy DirecTV in $48.5 billion cash and stock deal

AT&T agrees to buy DirecTV in $48.5 billion cash and stock deal

AT&T agrees to buy DirecTV in $48.5 billion cash and stock deal

Updated by Endah
AT&T said it was offering $95 per DirecTV share in a combination of stock and cash, with the cash portion financed by cash, asset sales, financing already lined up and other "opportunistic debt market transactions." (FILE)
AT&T said it was offering $95 per DirecTV share in a combination of stock and cash, with the cash portion financed by cash, asset sales, financing already lined up and other “opportunistic debt market transactions.” (FILE) AP Photo/Ben Margot

 

DirecTV, the No. 1 U.S. satellite TV operator, said on Sunday it has agreed to sell itself to AT&T for $48.5 billion in the second mega-deal to shake-up the U.S. television landscape this year.

The deal with Dallas,-based AT&T, which has some TV and broadband services, is the latest in a string of big takeovers the wireless operator has considered. Those include an abortive bid for T-Mobile USA in 2011, as well as a potential takeover of Vodafone Plc, which receded as a possibility after Comcast Corp surprised the industry this year with a $45 billion bid for Time Warner Cable Inc.

AT&T said it was offering $95 per DirecTV share in a combination of stock and cash, with the cash portion financed by cash, asset sales, financing already lined up and other “opportunistic debt market transactions.”

The transaction has a total value of $67.1 billion, including DirecTV’s net debt.

Read more at http://www.philly.com/philly/business/ATT_agrees_to_buy_DirecTV_in_485_billion_cash_and_stock_deal.html#rDmEkZR10ZKBtxpm.99

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I am a Project Manager (PMP) a Technology and Business Architect providing Data Security, Power, Infrastructure, Software and Hardware E-Commerce and Electronic payments. I live in Jakarta with my wife and children

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Posted in AT+T, Jonathan Kine, Uncategorized

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