AT&T's $48.5 billion DirecTV acquisition could form 2nd largest US pay TV company

  • by: RYAN NAKASHIMA , Associated Press
  • Updated: May 19, 2014 - 11:40 AM

LOS ANGELES — AT&T says it views its planned $48.5 billion purchase of DirecTV as a way to help redefine the video entertainment industry, giving it opportunities to bundle services and tap into growing Latin American markets.

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