April 23, 2025 #1 Local News, Information and Event Source for the Century City/Westwood areas.

AT&T to Acquire DirecTV for $48.5 Billion

AT&T
AT&T To Acquire DirecTV For $48.5 Billion. (Thinkstock)

AT&T has announced plans to acquire DirecTV for $48.5 billion, according to a statement.

DirecTV would remain in El Segundo, Calif., once the announce deal is complete, which reportedly is still facing regulatory hurdles.

As part of the deal, AT&T would be given access to millions of DirecTV subscribers in the United States and Latin America. Also, DirecTV would be able to bundle its television service with AT&T’s phone and broadband plans.

According to the AT&T/DirecTV statement, DirecTV shareholders will receive $95 per share. The share price includes $66.50 per share of AT&T stock.

While the reported equity value of the transaction is $48.5 billion, the total value of the deal is $67.1 billion and includes DirecTV’s net debt.

An interesting side note: it is unclear how this deal, if ultimately approved by regulators, would impact DirecTV’s negotiations with Time Warner Cable Sports Network.

Along with several other cable and satellite providers, DirecTV had held out from coming to terms with Time Warner Cable for the new Dodgers network. Accordingly, DirecTV’s customers in the Los Angeles market have not been able to watch Dodger baseball games this season.

The reported deal would not impact DirecTV’s other sports packages, such as NFL Sunday Ticket.

Each company’s board of directors reportedly approved the deal; however, according to AT&T, the planned merger still needs to be approved by DirecTV’s shareholders.

The U.S. Federal Communications Commission, U.S. Dept. of Justice, a few U.S. states, and some Latin American countries also must review the planned merger.

AT&T stated the deal is expected to close in about 12 months.

Related Posts

Skip Traffic, Relax, Catch a Vibe: Midweek Sunset Party Lands on the Westside

April 23, 2025

April 23, 2025

DJ Jason Bentley, Mocktails, Games, Food Trucks, Light Up Fox Hills Commuters looking to escape rush hour gridlock on Thursday,...

Representative Brad Sherman in Person at CSUN Town Hall This Weekend

April 23, 2025

April 23, 2025

Constituents of California’s 32nd District Invited to an In-Person Q&A Session U.S. Rep. Brad Sherman will hold an in-person town...

(Video) A Myriad of Ways to Unlock Your Beauty Offered at Mirror Mirror Med Spa

April 23, 2025

April 23, 2025

For More Info, Go To Mirrormedspa.com For More Info, Go To https://t.co/1DP3ZKbfDt pic.twitter.com/OVvHuTjETC — CCNewsLA (@CCWNNews) April 23, 2025

New York Film Academy in Los Angeles Offers Summer Camps, Programs

April 22, 2025

April 22, 2025

New York Film Academy in Los Angeles is hosting several summer camps for teenagers and kids, providing practical training in...

Cinespia Returns to Hollywood Forever With Cult Classics and a David Lynch Tribute

April 22, 2025

April 22, 2025

Hollywood Forever Cemetery Becomes a Moviegoer’s Paradise Once Again Cinespia, Los Angeles’ beloved outdoor cinema series, will return to Hollywood...

Major I-405 Rehab Project Unveiled: Caltrans to Host Virtual Info Meeting

April 22, 2025

April 22, 2025

Sepulveda Pass Overhaul: New Pavement, Safer Roads, Better Commutes The California Department of Transportation (Caltrans) will hold a virtual informational...

San Fernando Valley Man Gets 5 Years for Beverly Hills Bank Fraud and Identity Theft

April 22, 2025

April 22, 2025

Federal Prison for ID Thief Who Raided Beverly Hills Mailboxes for Millions A North Hills man was sentenced Monday to...

Academy Announces Major Changes for 98th Oscars, Including AI Rules and New Casting Award

April 22, 2025

April 22, 2025

Academy Now Requires Viewing All Nominees to Cast Final Ballots The Academy of Motion Picture Arts and Sciences has unveiled...

Pepper Spray and Panic: LA Homeowners Targeted in Nighttime Burglaries

April 22, 2025

April 22, 2025

LAPD Hunts Suspects After One Resident Attacked in Beverly Grove Two separate home invasions late Friday night in Beverly Grove...

“We’re Better Than This”: Tour Business Owner Pleads for Protection After Third Burglary

April 21, 2025

April 21, 2025

Thieves hit Again, Stealing E-Bikes and Leaving a Wake of Damage in South La Cienega The frustrated owner of a...

Lawsuits Allege Insurance Giants Conspired to Undercut California Fire Victims

April 21, 2025

April 21, 2025

Two Lawsuits Accuse Top Carriers of Price-Fixing and Violating Antitrust Laws Attorneys representing homeowners impacted by California’s January wildfires have...

Cali Camp Welcomes Los Angeles Campers

April 21, 2025

April 21, 2025

By Susan Payne Roam streams, meadows and oak trees in the heart of rock-lined Topanga Canyon this summer at Cali...

Mayor Karen Bass’ Budget Plan Proposes 1,647 Layoffs Amid $300M Liability Surge

April 21, 2025

April 21, 2025

Civilian LAPD Staff, Transportation, and Sanitation Departments Among Hardest Hit Mayor Karen Bass’ proposed city budget for the upcoming fiscal...

Santa Monica PD Makes Arrest in Ocean Front Walk Stabbing; Second Suspect Sought

April 21, 2025

April 21, 2025

Late-Night Stabbing in Santa Monica Prompts Manhunt After a shocking incident of violence in Santa Monica, a man has been...

Unlock the Secrets of Impressionism and Ancient Thrace with Getty’s Free Talks

April 21, 2025

April 21, 2025

The Getty’s Lineup of Free Online Art Talks Opens Doors for Global Audiences. The Getty Center will host a series...