AT&T is acquiring DirecTV in a $48.5 billion stock-and-cash deal. The agreement has been approved unanimously by the boards of both the companies. DirecTV will continue to be headquartered in El Segundo, California, after the deal closes.
The total transaction value of the deal stands at $67.1 billion, including DirecTV’s net debt. AT&T says it intends to finance the cash portion of the transaction through a combination of cash on hand, sale of non-core assets, committed financing facilities and opportunistic debt market transactions.
[Image courtesy: DirecTV]