AT&T; will acquire Direct TV for 48.5 billions

Specialists were right, but off by a minimum margin in the AT&T – Direct TV Deal. The telecomm American giant announced yesterday it had agreed to acquire the broadcast satellite service provider for 48.5 billion dollars.

The deal would involve both stock and cash money. Direct TV shareholders would receive almost 100 dollars per share split in two ways. Almost 30 in cash, while the remaining in stock announced Direct TV yesterday.

“The transaction combines complementary strengths a unique new competition with unprecedented capabilities in mobility, video and broadband services,” was written in ajoint AT&T-Direct TV statement.

AT&T was already number one satellite TV provider in US with more than 20 million customers. But now, it will boost its services in cellular, broadband TV and fixed-line phones as well. “It gives us the part to fulfill a vision we have had for for a couple of years, that is, the opportunity and the ability to take a premium content and deliver premium content over multiple points for the customers, whether it be through a smartphone, tablet, laptop or television,” said Randall Stephenson, AT&T's CEO.

Both companies expect to close the deal within the next 12 months.