It’s official: AT&T will buy DirecTV for $48.5B


We’ve been wondering since 2009 if AT&T would ever purchase DirecTV (s dtv) and we don’t have to wonder any longer. In a press release on Sunday the U.S. carrier announced its deal to pay $95 a share for DirecTV , which works out to around $48.5 billion.

AT&T(s t) says this will eventually boost its broadband footprint to 70 million locations and help the carrier become a content destination regardless of where consumers watch:

“The combined company will be a content distribution leader across mobile, video and broadband platforms. This distribution scale will position the company to better meet consumers’ future viewing and programming preferences, whether traditional pay TV, on-demand video services like Netflix or Hulu streamed over a broadband connection (mobile or fixed) or a combination of viewing preferences  on any screen.”

AT&T’s release was also quick to note that DirecTV has the exclusive NFL Sunday Ticket programming for…

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