The deal will be close to $50 billion, valuing DTV shares at about $94, a nice premium from Friday's closing price of $86 and a huge premium over the $77 price the shares were trading around when the first reports came out about negotiations.
AT&T is the U.S.' second largest wireless carrier and the company also offers TV and broadband services.
The deal will help AT&T offer wireless, broadband, TV and land line and be a one-stop shop for over 100 million consumers. AT&T has 10.4 million U-Verse Internet (fiber) customers but that number is likely to double in the coming year.
Written by: Andre Yoskowitz @ 17 May 2014 21:13
