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AT&T could announce DirecTV deal for $48B within weeks

Rumors of AT&T acquiring DirecTV have been around for decades now. But now the Wall Street Journal is reporting that AT&T could acquire DirecTV in as little as two weeks. According to the WSJ, insiders claim that the deal will be worth around $48 billion, and that AT&T will pay for the transaction primarily with stock.
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May 13, 2014
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NYPost Rumors of AT&T acquiring DirecTV have been around for decades now. But now the Wall Street Journal is reporting that AT&T could acquire DirecTV in as little as two weeks. According to the WSJ, insiders claim that the deal will be worth around $48 billion, and that AT&T will pay for the transaction primarily with stock. AT&T, who failed in their acquisition of T-Mobile after it was blocked by regulators, would once again be attempting an uphill battle against those who see this move as yet another that eliminates a competitor from the market. As BGR notes, a successful acquisition would make AT&T the top pay TV provider in the United States with nearly 26 million subscribers. AT&T’s interest in DirecTV is clear in that they want to push their U-Verse service over satellite which would enable them to boost broadband speeds. If AT&T wants to get this deal through, they will have to convince the Justice Department and the FCC that the deal would be in the public’s interest and the combined company would be able to offer consumer benefits not found if the merger didn’t occur.
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