Comcast buys DirecTV, DirecSatellite for $25 billion August 3, 2021 August 3, 2021 admin

Comcast announced Monday that it is buying DirecTSatellite for an undisclosed amount.

Comcast said it will invest $25.6 billion in the satellite business and will have about 7,000 employees.

It will also buy DirecSportsNetworks, which includes a satellite network and is owned by the broadcaster.

Comcast is in the process of buying Direcitv’s satellite assets.

The deal is subject to regulatory approval.

The company will continue to own Direc’s cable business.