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AT&T to buy DirecTV in $48.5 billion deal

Merger means 26 million customers

Posted: May 19, 2014 at 5:34 a.m.

DALLAS -- AT&T Inc. on Sunday agreed to buy satellite television provider DirecTV for $48.5 billion, or $95 per share, a move that gives the telecommunications company a larger base of video subscribers and increases its ability to compete against rivals.

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