BRAINZ2013
Extreme Android User
Not to get off topic but can i ask what can at&t do with direct TV . they have a deal in progress to buy in 2 days
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Not to get off topic but can i ask what can at&t do with direct TV . they have a deal in progress to buy in 2 days
...what tha????
AT&T plans to pay $48.5 billion to buy DirecTV, the top U.S. satellite TV operator, in a bid for growth beyond an increasingly competitive cellular market.
The deal, announced on Sunday, comes as Comcast Corp awaits regulatory approval of its $45 billion bid for Time Warner Cable Inc, a transaction that has the potential to transform the television landscape by creating a new cable and broadband Internet powerhouse.
AT&T said it is offering $95 per DirecTV share in a combination of stock and cash, a 10 percent premium over Friday's closing price of $86.18. The cash portion, $28.50 per share, will be financed by cash, asset sales, financing already lined up and other "opportunistic debt market transactions."