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Monday, May 19, 2014

AT&T buys DirecTV

A FRIENDLY GAME OF DUOPOLY: Another communications megamerger is now on the books, as AT&T received approval for its $48.5 billion acquisition of DirecTV. AT&T will pay stakeholders $95 per share, thus setting the valuation; DirecTv stock shot up in anticipation of the news. With 26 million pay-TV subscribers, the new mega-company will face off against the Comcast-Time Warner Cable behemoth created by the last huge telecom deal. No telling who'll prevail, but cable customers will surely be the winners no matter what, right? Call us with your thoughts—wait time is approximately three hours. (5/19a)

 
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