AT&T is looking to acquire DIRECTV, the home for 20 million satellite TV customers. David Nelson, Chief Strategist at Belpointe Asset Management thinks the deal is a bad strategy for AT&T, but a good deal for DIRECTV shareholders. Nelson thinks AT&T is going after satellite technology at a time when consumers are preferring to watch shows online through streaming media sites such as Netflix. He believes the deal benefits the DIRECTV shareholders, but not the AT&T shareholders. The deal is valued at $67.1 billion and could be subject to FCC approval over antitrust concerns.
Stock quotes in this video:
T, DTV, NFLX