Reuters
Friday, Oct 31, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

AT&T to offer only data sharing plans to new customers

Recent Comments

WarCry - Baldwin School evacuated following smoke in building - Quincy, IL News - QuincyJournal.com
Aside from completely missing that Bob was joking, you're making the same fallacious argument I've already seen. Yes, a home may be older than the schools. But a 120 year old home MIGHT have a few hundred people go through it over the course of that lifespan. They also have owners that don't have to go to their neighbors and say "please, sir, may I have some more" in order to effect…
1950Brutus - Votes for Republicans switched to Democrats in Moline - Quincy, IL News - QuincyJournal.com
Why haven't we heard complaints from Democratic voters about votes being switched to Republicans. Because "There is nothing wrong in this office," Kinney, a Democrat, said afterward. Calibration errors are the new "hanging chads".
QuincyJournal - Baldwin School evacuated following smoke in building - Quincy, IL News - QuincyJournal.com
From Joel Murphy, QPS Business Manager: The issue this morning was a simple overheating of some electrical components with in a heating unit. The components overheated, then melted causing smoke from the unit. Things were exasperated by the fact that the heater's blower was still operating and pushed the smoke out into the hallways. The staff and students did exactly what they have prepared…
1950Brutus - Amazon to open facility in Illinois, hire 1,000 - Quincy, IL News - QuincyJournal.com
The point still stands that you do not know if he paid the tax and just doesn't know it.
ONCEMORE1 - Baldwin School evacuated following smoke in building - Quincy, IL News - QuincyJournal.com
Smokin' in the Boy's Room?

Most Popular

Adams Co. Divorces for 10/24

Motorcyclist dies from Saturday crash

Mid-America Port Authority pledged $1.3 million from Illinois Video

Man arrested for performing lewd acts near school

Quinn, Durbin to drop in Monday for Port Authority announcement

GREDF supports Quincy School Building Referendum Video

Everyone safe following plane crash near Quincy Regional Airport

Amazon to open facility in Illinois, hire 1,000

AT&T to acquire DirecTV for $48.5 billion

5 months, 1 week ago Reuters

Deal would enable both companies to add services they are currently lacking

From Reuters:

AT&T Inc plans to pay $48.5 billion to buy DirecTV, in the latest sign that the wireless industry and the U.S. television market are set to converge as customers consume more video on their mobile devices.

The deal, announced on Sunday, highlights AT&T's pressing need for fresh avenues of growth beyond the maturing U.S. cellular business, which has become increasingly competitive.

The combination with DirecTV, the No.1 U.S. satellite TV provider with 20 million customers, would beef up Dallas-based AT&T's packages of cellular, broadband, TV and fixed-line phone services.

For DirecTV, the deal will enable it to offer broadband Internet for the first time to its U.S. customers, filling in a gap that had made the company vulnerable to cable rivals, which can provide Internet service through their networks.

"It gives us the parts to fulfill a vision we have had for a couple of years, that is, the opportunity and the ability to take premium content and deliver premium content over multiple points for the customer, whether it be through a smartphone, through a tablet, or television or laptop," said AT&T CEO Randall Stephenson, speaking on a conference call.

Stephenson's counterpart at DirecTV, Mike White, will stay on to run the satellite television business, which will continue to be based outside Los Angeles in El Segundo, California.

AT&T currently offers a video service known as U-Verse and Stephenson said during a conference call the company would continue to offer it after the acquisition is completed. It expects the deal to close in about a year.

AT&T and DirecTV made their announcement just a few months after Comcast Corp offered $45 billion for Time Warner Cable Inc, a transaction that would create the leading U.S. cable and broadband Internet powerhouse. The Comcast proposal is now awaiting regulatory approval.

AT&T is offering $95 per DirecTV share in a combination of stock and cash, a 10 percent premium over Friday's closing price of $86.18. It will finance the cash portion, $28.50 per share, with funds on hand, asset sales and financing already lined up.

The transaction has a total value of $67.1 billion, including the assumption of DirecTV's net debt.

To help its case with regulators, AT&T will sell its roughly 8 percent stake in Carlos Slim's America Movil, worth roughly $5 billion. DirecTV has some 18 million customers throughout Latin America.

Click Here to Read Full Article


From the Newsroom

Bob Gough on Twitter

Bob Gough 33 minutes ago

RT @Phil LeBeau: Exposure like this has pushed value of #ChevyGuy to $3.84 Million. RT @KeithOlbermann: At 5:.. Chevy cashes in on "technology and stuff."
Bob Gough on Twitter

Bob Gough 6 hours, 2 minutes ago

RT @ILWDRadio: Pro-tip. When your boss is under fed investigation, don't ask "Is it a crime?" @ILWDRadio http://t.co/YlSa3Jzf52 #twill
Bob Gough on Twitter

Bob Gough 6 hours, 11 minutes ago

RT @Jason McIntyre: Video! What does Michael Jordan think of President @BarackObama's golf game? "Hack. Shitty golfer." http://t.co/0u3I8UETBf
Bob Gough on Twitter

Bob Gough 6 hours, 18 minutes ago

@JPosnanski @WhitlockJason You don't know that at all.