Saturday May 17, 2014

AT&T Set To Announce DirecTV Acquisition Sunday

Hold onto your set-top boxes if you are a DirectTV customer, you are about to join the AT&T family. In a deal worth about $50 Billion bucks, AT&T will be taking over DirectTV’s 20 Million subscribers. A formal announcement will be made by AT&T spokesmen on Sunday.

"The deal is done," the source said, adding that DirecTV CEO Mike White has already informed senior executives that the deal is finished and plans to give public confirmation Sunday.