AT&T aims for TV’s future with $48.5B DirecTV deal

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FILE - In this Oct. 19, 2009 file photo, the AT&T logo is on display at a RadioShack store in Gloucester, Mass. AT&T says it is buying DirecTV for $95 per share, or $49 billion, a move that gives the telecommunications company a larger base of video subscribers and increases its ability to compete against Comcast and Time Warner Cable, which agreed to a merger in February. (AP Photo/Lisa Poole, File)LOS ANGELES (AP) — AT&T Inc. said it would buy DirecTV for $48.5 billion in cash and stock, or $95 per share, priming itself for the age of Internet-delivered video.