gfxgfx
 
Please login or register.

Login with username, password and session length
 
gfx gfx
gfx
75434 Posts in 13209 Topics by 2645 Members - Latest Member: Scooly December 12, 2017, 03:55:25 pm
*
gfx*gfx
gfx
WinMX World :: Forum  |  Discussion  |  WinMx World News  |  AT&T to acquire DirecTV for $48.5 billion
gfx
gfxgfx
 

Author Topic: AT&T to acquire DirecTV for $48.5 billion  (Read 415 times)

0 Members and 1 Guest are viewing this topic.

AT&T to acquire DirecTV for $48.5 billion
« on: May 18, 2014, 10:14:44 pm »
http://www.theverge.com/2014/5/18/5727276/att-acquires-directv

Quote
AT&T wants to take TV seriously. The company has announced plans to acquire satellite provider DirecTV, and if the deal is approved by regulators, the merged firms will control some 26 million TV subscribers. That would make it second only to the hypothetical 30 million accounted for by the Comcast-Time Warner Cable merger, which is still pending. The Wall Street Journal first reported that the boards of each company had approved the deal for a price of $95 a share — which values the satellite TV provider at $48.5 billion. In a press release, AT&T confirmed the news, adding that the acquisition will be a stock-and-cash deal.

The two companies already work together to bundle DirecTV with phone and internet from AT&T, and the opportunity of offering complete packages was likely a part of the appeal for the acquisition. AT&T currently has very limited TV service through U-verse, which is available in a limited number of states and covers roughly 5.7 million customers. Meanwhile, DirecTV has struggled as it, unlike cable companies, cannot make up for lost TV revenues by transitioning users to internet packages. AT&T notes in a press release that the acquisition will let the company "offer bundles that include video, high-speed broadband, and mobile services using all of its sales channels" including "AT&T’s 2,300 retail stores and thousands of authorized dealers."

Offline White Stripes

  • Core
  • *****
  • ***
  • Je suis aimé
Re: AT&T to acquire DirecTV for $48.5 billion
« Reply #1 on: May 18, 2014, 11:06:27 pm »
a terrible company buying a worse one.... what could go wrong? *shudder* im glad i got cable rather than DSL...

WinMX World :: Forum  |  Discussion  |  WinMx World News  |  AT&T to acquire DirecTV for $48.5 billion
 

gfxgfx
gfx
©2005-2017 WinMXWorld.com. All rights reserved.
SMF 2.0.15 | SMF © 2017, Simple Machines
Page created in 0.033 seconds with 22 queries.
Helios Multi © Bloc
gfx
Powered by MySQL Powered by PHP Valid XHTML 1.0! Valid CSS!