AT&T buying DIRECTV for $48.5 billion


DirecTVThe rumors were flying since 5/13: AT&T will acquire DIRECTV in a stock-and-cash transaction for $95 per share based on AT&T’s 5/16 closing price. The agreement has been approved unanimously by the boards both companies. DIRECTV shareholders will receive $95.00 per share under the terms of the merger, comprised of $28.50 per share in cash and $66.50 per share in AT&T stock.

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