AT&T, DirecTV strike $49B deal

AT&T, DirecTV strike $49B deal

CNN: AT&T acquired America's largest satellite television provider for almost $50 billion.

If approved by regulators, the acquisition will give AT&T a stronger hand in shaping the future of television distribution and consumption.

AT&T-DirecTV would be the country's No. 2 provider of television subscribers behind a combined Comcast-Time Warner Cable. Add it all up, and Comcast and AT&T would control more than half of the market for pay television.

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