AT&T clinches deal purchasing DirecTV

By Agence France-Presse
Sunday, May 18, 2014 18:37 EDT
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Executives at AT&T attend a news conference (AFP)
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US telecommunications giant AT&T (NYSE: T – news) clinched a deal Sunday to acquire broadcast satellite service provider DirecTV (Frankfurt: DIG1.F – news) for nearly $50 billion.

Shareholders are set to receive $95 per share under the terms of the merger, including $28.50 per share in cash and $66.50 per share in AT&T stock, putting the value at the deal at $48.5 billion, the companies announced.

Agence France-Presse
Agence France-Presse
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