Published May 18, 2014
The deal with Dallas,-based AT&T, which has some TV and broadband services, is the latest in a string of big takeovers the wireless operator has considered. Those include an abortive bid for T-Mobile USA in 2011, as well as a potential takeover of Vodafone Plc, which receded as a possibility after Comcast Corp surprised the industry this year with a $45 billion bid for Time Warner Cable Inc.
AT&T said it was offering $95 per DirecTV share in a combination of stock and cash, with the cash portion financed by cash, asset sales, financing already lined up and other "opportunistic debt market transactions."
The transaction has a total value of $67.1 billion, including DirecTV's net debt.
(Reporting By Mike Stone)