Texas was as much witness to the phenomenon of big business acquisition as the rest of the U.S. during the soccer World Cup this year. Announcements were made about two of the world's largest business acquisitions recently in the country. The proposed acquisitions involve four renowned U.S. telecommunications companies.
AT&T proposed a buyout of DirecTV on the condition that the latter renews its (American) football package for Sunday nights. Time Warner Cable is selling because it has lost customers due to rising cable bills; the cause of the rise in cable costs is partially due to the high cost involved in obtaining rights to televise sports. The recent announcements are important due to the sheer enormity of the total amount of money involved in the two acquisitions, which running in hundreds of billions of dollars.