AT&T to Buy DirecTV for $48.5B

AT&T to Buy DirecTV for $48.5B
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This combo made from file photos shows the AT&T logo on the side of a corporate office in Springfield, Ill., left, and a DirecTV satellite dish atop a home in Los Angeles. Priming itself for the age of Internet-delivered video, AT&T Inc. on Sunday, May 18, 2014 said it would buy DirecTV for $48.5 billion in cash and stock, or $95 per share. (AP Photo)

AT&T clearly isn't taking Comcast's recent acquisition efforts lying down; it just announced plans to buy DirecTV in a deal worth about $48.5 billion. The communications giant sees a takeover as an opportunity to expand how it delivers video beyond just the bundles it has today.

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