Dallas and El Segundo, California – AT&T and DirecTV announced on May 18 that they have entered into a definitive agreement under which AT&T will acquire DirecTV in a stock-and-cash transaction for US$95 per share based on AT&T’s closing price on May 16, resulting in an estimated price of US$48.5 billion. The agreement has been approved unanimously by the Boards of Directors of both companies. The transaction combines complementary strengths to create a unique new … [Read more...] about AT&T to acquire DirecTV