NEW YORK—AT&T’s board of directors has approved a $52 billion deal with Comcast Corp. to together create a single cable giant.
The new company, AT&T Comcast Corp., will be headed up by Michael Armstrong, AT&T chairman and chief executive, serving as chairman of the new company, and Brian Roberts, Comcast’s president, serving as chief executive. The company will serve 22.3 million cable subscribers across 41 states.
