AT&T to acquire DirecTV for $67.1 billion

DALLAS and EL SEGUNDO, Calif. – AT&T announced Monday it would dramatically expand its TV footprint with the purchase of satellite provider DirecTV for $67.1 billion in cash and shares.DirecTV is the largest pay TV provider in the United States and Latin America and with AT&T’s mobile and high-speed broadband networks, the combined company will cover 70 million customer locations with the broadband expansion enabled by this transaction.The transaction enables the combined company to offer consumers bundles that include video, high-speed broadband and mobile services using all of its sales channels – AT&T’s 2,300 retail stores and thousands of authorized...