[net-gold] TELEVISION : BUSINESS: ACQUISITIONS MERGERS : BUSINESS: CORPORATIONS: NAMED CORPORATIONS: AT&T, DIREC TV: AT&T Pushed by Comcast to Move on DirecTV After Year of Talk
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold -- Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Nabble Groups Net-Gold <ml-node+s3172864n3172864h56@xxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Net-Gold <NetGold_general@xxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, "Net-Gold @ Wiggio.com" <netgold@xxxxxxxxxxxxxx>, Health Lists -- Health Diet Fitness Recreation Sports <healthrecsport@xxxxxxxxxxxxxxx>, HEALTH-RECREATION-SPORTS-TOURISM@xxxxxxxxxxxxxxxxxxx
- Date: Mon, 19 May 2014 11:44:02 -0400 (EDT)
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TELEVISION :
BUSINESS: ACQUISITIONS MERGERS :
BUSINESS: CORPORATIONS: NAMED CORPORATIONS: AT&T, DIREC TV: AT&T
Pushed by Comcast to Move on DirecTV After Year of Talk
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Pushed by Comcast to Move on DirecTV After Year of Talk
By Alex Sherman and Matthew Monks
May 19, 2014
Bloomberg
Business Week
http://www.businessweek.com/news/2014-05-18/
at-and-t-spurred-by-comcast-to-move-on-directv-after-year-of-talking
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A shorter URL for the above link:
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http://tinyurl.com/pw7y7dd
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Within days of learning that Comcast Corp. (CMCSA:US) planned a deal that
would make the biggest U.S. cable company an even larger competitor, AT&T
Inc. (T:US)'s chief executive officer was planning his response.
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Randall Stephenson reached out to his counterpart at DirecTV soon after
learning of Comcast's effort to acquire Time Warner Cable Inc. (TWC:US)
for $45.2 billion, according to a person with knowledge of the matter.
Just three months later, AT&T struck a $48.5 billion deal to acquire
DirecTV and combine the national satellite-TV provider with AT&T's
wireless, phone and high-speed Internet services.
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Competition among the companies is increasing as Americans change their
TV-watching habits -- turning to video delivered over broadband and
wireless networks instead of by cable and satellite -- and Stephenson and
DirecTV CEO Mike White saw an opportunity to offer mobile-video on a
national scale.
Story: Why AT&T Wants to Acquire DirecTV
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"Over the last year, things began to change with technologies -- AT&T
started to be able to offer more broadband and better broadband," White
said in a telephone interview after the deal was announced yesterday.
"With it comes a continuing evolution for mobile video. It's about TV
everywhere and watching TV on all devices."
Dish Pressure
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Dish Network Corp. (DISH:US)'s agreement with Walt Disney Co., which gives
DirecTV's rival rights to Internet-distributed video, also pushed the
companies together, another person said, asking not to be identified
discussing private information. DirecTV's own deal with Disney comes up
for renewal later this year.
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The two CEOs had discussed the idea of a transaction informally for at
least a year, though the talks took on a more serious tone in the past few
month, they said yesterday. DirecTV, the second-largest U.S. pay-TV
provider, has "unequivocally the best content relationships and
contracts," Stephenson said in the interview.
Story: Comcast Turns Back Cord-Cutting Tide, Adds New Video Customers
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The complete article may be read at the URL above.
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Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://workface.com/e/daviddillard
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