AT&T to Buy DirecTV

Monday, 19 May 2014 | by Pat's Picks

AT&T has agreed to buy DirecTV for $49 billion, a deal that would make AT&T a major player in pay television. The Wall Street Journal says companies are teaming up to deal with the changing media landscape. The AT&T/DirecTV deal would create a company with 26 million subscribers, second only to Comcast/Time Warner which would have 30 million if regulators approve that deal.

SOURCE: Wall Street Journal