Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

5/19/2014 (9 months ago)

Catholic Online (www.catholic.org)

Deal would give AT&T access to DirecTV's 40 million digital TV customers

In a major media takeover, U.S. telecommunications firm AT&T is set to acquire satellite television provider DirecTV in a cash and shares deal valued at $48.5 billion. If this goes through, it will give AT&T access to DirecTV's 40 million digital TV customers in the U.S. and Latin America.

In DirecTV's favor is its premier content. This includes such exclusive pay TV rights to 'NFL Sunday Ticket' which gives subscribers access to every American football game played on Sunday afternoons, which they can view on TV, laptops and mobile devices.

In DirecTV's favor is its premier content. This includes such exclusive pay TV rights to "NFL Sunday Ticket" which gives subscribers access to every American football game played on Sunday afternoons, which they can view on TV, laptops and mobile devices.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

5/19/2014 (9 months ago)

Published in Business & Economics

Keywords: DirecTV, AT&T, buyout


LOS ANGELES, CA  (Catholic Online) - The agreement would also give AT&T a new source of revenue beyond its traditional telecommunications business.

It's a very high possibility. The board of directors at both companies have approved the merger.

Starvation never takes a vacation --


However, the agreement is subject to approval by DirecTV shareholders. The agreement also needs to be reviewed by U.S. regulators, including the Federal Communications Commission and the Department of Justice.

Both companies are hopeful the transaction will be completed in a year's time.

"This is a unique opportunity that will redefine the video entertainment industry and create a company able to offer new bundles and deliver content to consumers across multiple screens - mobile devices, TVs, laptops, cars and even airplanes," AT&T chairman and chief executive Randall Stephenson said in a statement.

DirecTV is a leading pay TV provider in the US and Latin America. AT&T is a telecommunications provider and it boasts of a nationwide mobile network and a high-speed broadband network, which the company says will cover 70 million customer locations, with the broadband expansion enabled by this transaction.

In DirecTV's favor is its premier content. This includes such exclusive pay TV rights to "NFL Sunday Ticket" which gives subscribers access to every American football game played on Sunday afternoons, which they can view on TV, laptops and mobile devices.

Under the terms of the merger, DirecTV shareholders will receive $95 per share, comprising $28.50 per share in cash and $66.50 per share in AT&T stock.

AT&T intends to finance the cash portion of the transaction through a combination of cash on hand, sales of assets and loans.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for February 2015
General Intention:
That prisoners, especially the young, may be able to rebuild lives of dignity.
Missionary Intention: That married people who are separated may find welcome and support in the Christian community.



Comments


More Business & Economics

SHINY, RED APPLE: Computer giant is now twice as big as world's second largest firm, ExxonMobil Watch

Image of Strong sales of the larger-screened iPhones resulted in the largest quarterly profit reported by a company, with device sales rising 29.5 percent in the final three months of 2014 to $74.6 billion,

By Catholic Online (NEWS CONSORTIUM)

How big is Apple? The creator of the iPhone and tablets is SO BIG that it is now currently twice as big as its second-closest rival, ExxonMobil. This is being reflected in the stock market, where shares in Apple jumped 2.7 percent at the start of the week to ... continue reading


WHERE IS YOUR MONEY GOING? Government collects $1 trillion from taxpayers - and there's still a deficit! Watch

Image of Where is all of our hard-earned money going?

By Catholic Online (NEWS CONSORTIUM)

Where is all of our hard-earned money going? Real federal tax revenues for the first time ever topped $1 trillion in the first four months of the fiscal year, October through January, according to data released Wednesday by the U.S. Treasury. LOS ANGELES, CA ... continue reading


80 MILLION Americans have their privacy invaded in Anthem data breach Watch

Image of An internal investigation, days later verified that the company was a victim of a cyber-attack, the company said, and federal authorities were alerted.

By Catholic Online (NEWS CONSORTIUM)

Insurance giant Anthem suffered a massive security breach when hackers broached computer safeguards and mad a wild data grab. Up to 80 million Americans have had their privacy effectively invaded, although authorities say more sensitive information was not ... continue reading


Electronic giant RadioShack files for bankruptcy - but will keep some stores open Watch

Image of The Chapter 11 filing, made in federal bankruptcy court in Delaware, surprised few. RadioShack had not turned a profit since 2011.

By Catholic Online (NEWS CONSORTIUM)

RadioShack, an iconic, 94-year-old electronics chain has filed for bankruptcy protection. The company has decided to sell up to 2,400 of its stores to the wireless service provider Sprint and a hedge fund that is its biggest shareholder. LOS ANGELES, CA ... continue reading


Is your bank account suffering? Here are 5 INCREDIBLY EASY TIPS on how to save money! Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Saving money is not a simple task. It is hard to resist eating out or buying the hottest new music. How can your savings account grow when spending money is so easy in today's world? LOS ANGELES, CA (Catholic Online) - Whether you're planning on moving or looking to ... continue reading


Game over: Saudi Arabia threatens to increase oil production to dangerously drive America out of the oil market Watch

Image of America's rising oil production has threatened Opec's control of the global oil market, but Saudi Arabia may be striking back, upping its own production in order to drive costs beyond the ability of American oil corporations to compete.

By Matt Waterson (NEWS CONSORTIUM)

Despite the continuing decline of the price of oil, Saudi Arabia has actually increased its oil production in an attempt to gain a victory in the oil war against shale drillers in the United States. LOS ANGELES, CA (Catholic Online) - The Middle Eastern oil ... continue reading


Talk about a killer app! Apple posts largest profit in history of mankind Watch

Image of The iPhone 6, which has helped Apple post the record largest profit ever made by a corporation.

By Matt Waterson (NEWS CONSORTIUM)

Apple has sold 74.5 million iPhones in just the last three months, helping the tech giant's profits soar to $18 billion, up more than 37 percent. LOS ANGELES, CA (Catholic Online) - This is the largest profit ever made by a corporation, edging out the $16.2 billion ... continue reading


ECONOMIC EARTHQUAKE: IBM rumored to lay off 110,000 employees - biggest cull in business history Watch

Image of First reported on the Forbes Web site, IBM scoffed at the news. Representatives said that the reported scale of the job cuts

By Catholic Online (NEWS CONSORTIUM)

There are alarming indications that the largest corporate layoff in history may be near. There are rumors afoot that computer IBM plans to lay off 110,000 employees shortly. As their entire worldwide workforce is estimated at 430,000, this represents a quarter ... continue reading


Living on less than $2 dollars a day: Only 5 percent of global wealth belongs to the poorest 80 percent of the world Watch

Image of Millions of people around the world are living off of less than two dollars a day.

By Abigail James (NEWS CONSORTIUM)

The staggering increasing inequality among the wealthy and poor around the world continues to be a pressing issue. Eighty rich billionaires have as much money as 3.5 billion of the poorest people. LOS ANGELES, CA (Catholic Online) - The wealthy are occuring their ... continue reading


An amazing 2,500 of the world's most prestigious people canvas Davos, Switzerland for this year's World Economic Forum Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Around 1,700 private jets will cover the sky, as the most elite people of the world descend on the annual World Economic Forum in Davos, Switzerland. Throughout the next week, world leaders, wealthy businessmen and even influential pop stars will come together to speak ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Psalms 116:10, 15, 16-17, 18-19
4 I pleaded with Yahweh my God and made this ... Read More

Psalm, Psalms 116:10, 15, 16-17, 18-19
15 Costly in Yahweh's sight is the death of his ... Read More

Gospel, Mark 9:2-10
2 Six days later, Jesus took with him Peter and James ... Read More

Reading 2, Romans 8:31-34
31 After saying this, what can we add? If God is for ... Read More

Saint of the Day

Saint of the Day for March 1st, 2015 Image

St. David
March 1: According to tradition, St. David was the son of King Sant of ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter