VIDEO: AT Agrees To Buy DirecTV In $48.5 Billion Deal

AT&T Inc. on Sunday agreed to buy satellite TV provider DirecTV for $48.5 billion, or $95 per share, a move that gives telecommunications company a larger base of video subscribers and increases its ability to compete against rivals. AT&T currently offers a high-speed Internet plan in a bundle with DirecTV television service. The acquisition would help it further reap the benefits of that alliance.

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