AT&T Reportedly in Talks to Buy DirecTV for $48B
If AT&T is reportedly in talks to buy DirecTV for $48 billion. Will the telecom giant integrate the satellite system more closely with its AT&T Digital Life home automation offering?
According to several reports, AT&T Inc. is in active talks to buy satellite TV provider DirecTV (NASDAQ: DTV) and may complete a deal in the next few weeks that could be worth close to $50 billion, according to Reuters.
For integrators, it’s unclear what the ramifications would be from the buyout, or if the service would somehow be integrated into the AT&T Digital Life home automation offering the telecom giant has successfully rolled out in key cities across the U.S.
According to Reuters, AT&T is discussing an offer around $95 per share for DirecTV, which currently has a stock price around $87. AT&T is the No. 2 cell phone provider in the nation.
This potential buyout comes on the heels of Comcast’s bid to purchase Time Warner Cable for $45 billion.
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