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AT&T hopes to announce DirecTV deal by Monday, according to reports

AT&T is poised to acquire DirecTV in a $48 billion deal, which will need approval from government regulators (NYSE:T, NASDAQ:DTV)

| Business, Financial & Legal News | Posted: May 18, 2014 10:20 pm

AT&T reportedly wants to purchase DirecTV in a $48 billion acquisition, which could be finalized in the next few days, though the deal is still rather fragile at the moment, sources recently noted. DirecTV remained dedicated to its TV subscription offering, as the company doesn't have a phone or competitive Internet package to woo potential subscribers.

 

TweakTown image news/3/7/37800_01_at_t_hopes_to_announce_directv_deal_by_monday_according_to_reports.jpg

 

A proposed AT&T-DirecTV deal was expected to take longer, though is an important step forward for AT&T, giving the conglomerate a nationwide satellite TV provider - boosting wireless phone service with television and high-speed Internet access. However, DirecTV would continue to operate, under control of AT&T, according to media reports released over the past few weeks.

 

Federal regulators, already trying to determine if Comcast should be able to acquire Time Warner Cable for $45 billion, will also analyze AT&T's $48 billion acquisition of DirecTV.

NEWS SOURCESMoney.cnn.com, Akhia.com

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