AT&T To Buy DirecTV For $50 Billion

ATT-Logo2

Telecommunications giant AT&T is expected to strike a deal buying DirecTV for $50 billion, according to a report from CNET.

The purchase would let AT&T expand its television footprint in the United States. DirecTV is the number two satellite TV provider, with 20 million subscribers, and AT&T has 5.7 million cable customers, according to CNET.

AT&T approached DirecTV about a deal after Comcast announced its deal with Time Warner Cable in February, CNET reported.

To read the full story on CNET, click here. 

Follow

Get every new post delivered to your Inbox.

Join 447 other followers