Report: AT&T Readying Acquisiton of DirecTV for $50 Billion

No, it’s not Android related, but it is still big news for anyone interested in the telecommunications industry. The Wall Street Journal and Bloomberg are reporting that AT&T and DirecTV are in talks to announce a deal in the next two weeks, in which AT&T is to buy America’s largest Satellite TV provider for roughly $50 billion. 

According to sources familiar with the deal, AT&T will look to strategically place itself in the running for America’s TV watching habits, potentially offering a bundle of wireless, television, phone and high-speed broadband services.

DirecTV’s board would continue to run the company as a unit of AT&T’s if the deal goes through, with CEO Mike White planning to retire after 2015. Bloomberg reports that both companies are planning on a 12-month regulatory process to review the deal, as we have seen with other major deals of this type in the past. 

If we have any current customers of both AT&T and DirecTV here, let us know how you feel this deal could affect you below in the comments section.

Via: Bloomberg | WSJ