BREAKING: AT&T announces plan to acquire DirecTV for nearly $50 billion

[Guest Zach Epstein]

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AT&T announced on Sunday that its board of directors has approved plans to acquire the nation's leading satellite TV provider, DirecTV. AT&T will play $95 per share for DirecTV in a cash and stock deal worth nearly $50 billion. If the deal is approved by regulators, it will make AT&T the No. 1 pay TV provider in the world with a total of about 26 million subscribers.

 

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