DirecTV To Merge With Dish As AT&T Exits Pay-TV Business
DirecTV will buy rival Dish TV from EchoStar (SATS), forging the largest U.S. pay-TV provider. Earlier Monday, AT&T (T) agreed to sell its remaining 70% stake in DirecTV to private equity firm TPG (TPG) for about $7.6 billion. AT&T stock and …