DirecTV, the No. 1 U.S. satellite TV operator, said on Sunday it has agreed to sell itself to AT&T for $48.5 billion in the second mega-deal to shake-up the U.S. television landscape this year. 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)
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC fell by 0.26% or $-0.36/share to $136.68. In the past year, the shares have traded as low as $92.87 and as high as $147.28. On average, 3070310 shares of TWC exchange hands on a given day and today's volume is recorded at 1556263.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.57% or $0.39/share to $68.89. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5576640 shares of TWX exchange hands on a given day and today's volume is recorded at 6045182.
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