By Associated Press AT&T Inc. on Sunday agreed to buy DirecTV for $48.5 billion, or $95 per share, a move that gives 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. AT&T's proposed combination, which is subject to government review, could improve its Internet service by pushing its existing U-verse TV subscribers into video-over-satellite service, and thereby free up bandwidth on its telecommunications network. Scroll down for video Merger: AT&T has offered to acquire DirecTV for $95 a share - a deal worth $67.1billion, including the company's debt
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Total deal would be $67.1billion, including DirecTV's debt
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New company would have 20.3million TV customers - the second most after the Comcast-Time Warner Cable merger
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AT&T already offers a TV and internet package with DirecTV
Under the terms agreed to Sunday, @placeholder shareholders will receive $28.50 per share in cash and $66.50 per share in AT&T stock.