NEW YORK: US telecommunications giant AT&T has clinched a deal to acquire broadcast satellite service provider DirecTV for nearly US$50bil, the latest in a string of pay-TV consolidation moves.
The cash and stock deal, approved unanimously by both boards, will see AT&T purchase DirecTV for US$95 per share, for a total equity value of US$48.5bil and a total transaction value of US$67.1bil, including DirecTV’s net debt.
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