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View Diary: Overnight News Digest: "You've Made Me So Very Happy" Edition (31 comments)

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  •  AT&T seeks to acquire DirecTV (8+ / 0-)

    Bloomberg: AT&T in talks to buy DirecTV for $50 billion, report says

    AT&T, joining the ranks of U.S. television, Internet and wireless providers racing to consolidate, is in advanced talks to acquire DirecTV for about $50 billion, according to people familiar with the matter.

    Under the plan, management of the largest U.S. satellite-TV provider would continue to run the company as a unit of AT&T, said the people, who asked not to be named because the information is private. DirecTV Chief Executive Mike White is likely to retire after 2015, the people said.

    The purchase would give AT&T a national satellite-TV provider to combine with its wireless, phone and high-speed broadband Internet services as competition ramps up.

    •  Another retiring Exec willing to sell out their (7+ / 0-)

      company for a buy-out "bonus."

      The DirectTV workforce will be cut by at least 10%, compensation will shift downwards for those remaining and AT&T will raise rates within the next two years after acquisition.  As a start.

      "So, please stay where you are. Don't move and don't panic. Don't take off your shoes! Jobs is on the way."

      by wader on Tue May 13, 2014 at 10:09:14 PM PDT

      [ Parent ]

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