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  • AT&T buys DirecTV for nearly $48 billionadd to reading list  

    Posted on May 18, 2014 at 4:40 PM

    Updated Sunday, May 18 at 11:04 PM

    Dallas-based AT&T agreed Sunday to buy DirecTV for about $48 billion in yet another mammoth deal in the pay-TV space this year that would immediately boost the telecom giant's customer base at a time of confounding industry challenges.

    By ROGER YU
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