United States: : AT&T to merge with DirecTV

• Autores: Jonathan Perl
• Localización: IRIS: Legal Observations of the European Audiovisual Observatory, ISSN-e 1023-8565, Nº. 7, 2014, págs. 34-35
• Idioma: francés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The telecommunication company, AT&T, announced on 18 May 2014 that it has agreed to acquire DirecTV for USD 67 billion. The deal, which includes USD 48.5 billion in stock and cash and USD 18.5 billion in assumed debt, is expected to close after approval by DirecTV shareholders, which is expected to come within approximately one year. The combined entity would boast 25 million subscribers and be the second largest provider of cable television in the United States, behind only a combined Comcast-Time Warner Cable. It remains unclear whether DirecTV will maintain its own branding entirely going forward, but the company notes it will continue to operate out of its current headquarters in El Segundo, California.