Posted: Wed, May 21, 2014, 8:49 AM ET (1249 GMT)
AT&T will acquire direct-to-home satellite television company DirecTV in a cash and stock deal valued at nearly $50 billion, the companies announced this week. AT&T will pay $95 per share of DirecTV stock in a combination of cash and AT&T stock, valuing DirecTV at $48.5 billion. The total size of the deal, counting debt assumed by AT&T, is $67.1 billion. AT&T plans to combine DirecTV's television offerings with its own broadband and mobile phone businesses. The deal requires regulatory approval, and may take as long as one year to close.

Related Links:

•  Wall Street Journal article
•  New York Times article
•  Washington Post article
•  USA Today article
•  AT&T press release