AT&T Announces $48.5 Billion Bid for DirecTV

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AT&T has announced plans to purchase satellite-TV provider DirecTV for $48.5 billion.

Following rumors that such a deal was in the works, AT&T announced Sunday, May 18, that it had reached a deal to acquire DirecTV for $95 per share, based on AT&T’s Friday closing price. The deal has been approved by the boards of both companies.

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Story added 19. May 2014, content source with full text you can find at link above.