AT&T $67 billion acquisition of DirecTV

Overview:

• AT&T has completed its $67 billion acquisition of DirecTV.
• AT&T will now provide television service to over 26 million people in the US and over 19 million people in Latin America.
• The deal comes shortly after the completion of AT&T's acquisition of Nextel Mexico.
• Sullivan & Cromwell (Joseph Frumkin, Eric Krautheimer, Andrew Mason, Matthew Friestedt) advised AT&T.
• Jones Day (Joe Sims, Kathy Fenton, Bruce McDonald, Fiona Schaeffer, Craig Waldman) and Weil Gotshal & Manges (Fred Green and Mike Lubowitz) advised DirecTV.
• Harris Wiltshire & Grannis (William Wiltshire, Michael Nilsson) also advised DirecTV.
• Debevoise & Plimpton (Jeffrey Rosen, Jonathan Levitsky) represented AT&T financial adviser Lazard.
• Cleary Gottlieb Steen & Hamilton (Ethan Klingsberg) represented DirecTV financial adviser Goldman Sachs.
• Simpson Thacher & Bartlett (Brian Robbins) represented the DirecTV compensation committee.

Kurt Stumpo - Journalist - North America and the Caribbean