Source: Ryan Nakashima - The Associated Press

AT&T Inc. on Sunday agreed to buy satellite TV provider DirecTV for $48.5 billion, or $95 per share, a deal both companies described as transformational as they seek to take on cable companies and online video providers, delivering content to multiple screens —on living room TVs, PCs, tablets and mobile phones.

Read Full Article: AT&T to aquire Direct TV for $48.5 billion