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AT&T Officially Announces That They Will Buy DirecTV For $48.5 Billion Dollars

AT&T Officially Announces That They Will Buy DirecTV For $48.5 Billion Dollars

Rumors that AT&T would try to purchase TV giant DirecTV surfaced a few days ago, and now AT&T has offically announced that purchase. This purchase, pending approval by federal regulators, would give AT&T control of 26 million cable subscribers between DirecTV and their own service. AT&T is purchasing the company for $48.5 billions dollars.

You can read AT&T’s full press release on this acquisition on their website here.

Via: Android Police

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Ben Schoon

Ben is a tech geek who co-founded YourTechExplained in 2016. Constantly switching between devices that literally surround him, he can be found reviewing the latest smartphones around the web.