TECH
05/19/2014 12:09 pm ET | Updated May 19, 2014

AT&T to Buy DirecTV for $48.5B

ASSOCIATED PRESS

AT&T clearly isn't taking Comcast's recent acquisition efforts lying down; it just announced plans to buy DirecTV in a deal worth about $48.5 billion. The communications giant sees a takeover as an opportunity to expand how it delivers video beyond just the bundles it has today.

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