AT&T to Purchase DirecTV for $50 Billion

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AT&T is currently in talks to buy DirecTV for $50 billion however, the deal may never get approved due to growing concerns about a lack of competition in the industry.

AT&T is apparently just two weeks away from closing a deal with DirecTV which would see cable boxes powered by AT&T internet and cables.

The merger does have it’s benefits as many Americans have been switching over to digital set top boxes. DirecTV may be able to benefit from this by being apart of AT&T’s huge telecommunication services.

DirecTV has been valued around the $45 billion range but it seems that the merger may reach the $50 billion mark.

The deal follows in the footsteps of the merger between Comcast and Time Warner back in February for $45 billion, which resulted in the conglomerate becoming the number one internet service provider across 26 US states.

While neither company have released any official statements about the merger, sources claim that the deal could be finalized by the end of the month.

Once the parties agree on the price however, it’s going to be up to government bodies on whether or not the merger is approved.

 

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