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