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.
Read more here.