AT&T set to buy DirecTV

Posted by: KLKN Newsroom

 AT&T has agreed to buy satellite TV provider DirecTV for $48.5 billion. The deal is expected to face tough scrutiny from the Federal Communications Commission and antitrust regulators at the Department of Justice. AT&T’s U-verse competes directly for TV customers with DirecTV, and analysts say the combination would reduce the number of possible pay TV providers from four to three for about 25 percent of U.S. households.