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AT&T aims for TV’s future with $48.5B DirecTV deal

By Ryan Nakashima
Published May 19, 2014 4:36pm ET
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AT&T aims for TV’s future with $48.5B DirecTV deal
This combo made from file photos shows the AT&T logo on the side of a corporate office in Springfield, Ill., left, and a DirecTV satellite dish atop a home in Los Angeles. Priming itself for the age of Internet-delivered video, AT&T Inc. on Sunday, May 18, 2014 said it would buy DirecTV for $48.5 billion in cash and stock, or $95 per share. (AP Photo) | Seth Perlman, Reed Saxon

LOS ANGELES (AP) — AT&T says it views its planned $48.5 billion purchase of DirecTV as a way to help redefine the video entertainment industry, giving it opportunities to bundle services and tap into growing Latin American markets.

AT&T Inc.’s proposed transaction primes it for the age of Internet-delivered video.

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