AT&T Inc. (NYSE:T) announced Sunday that it has reached a definitive agreement to acquire DirecTV (NASDAQ:DTV) in a stock-and-cash transaction of $95 per share.
The agreement has been approved unanimously by the Boards of Directors of both companies.
To combine complementary strengths
It was reported recently that AT&T Inc. (NYSE:T) and DIRECTV (NASDAQ:DTV) were in talks about a combination of their own. A deal between the two would create a pay-television behemoth that would serve over 25 million subscribers.
AT&T Inc. (NYSE:T) needs to make a...
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