AT&T makes a move toward video and Internet access in its $48.5 billion bid for DIRECTV. RealMoney Pro contributor Chris Versace weighs in on the proposed deal, which he says is good for AT&T as DIRECTV can help especially in areas where its U-verse coverage is lacking. However, Versace says the merger simply extends the existing nature of AT&T’s business, instead of transforming it. He explains that he would have preferred AT&T to buy a content company instead, which would expand the business and potentially help it fend off competitive pricing. Versace also offers his thoughts on what the deal could mean for TiVo, a key partner of DIRECTV.
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