Cleary Gottlieb is representing Goldman Sachs, as financial advisor to DIRECTV, in connection with the $48.5 billion cash/stock merger of DIRECTV and AT&T. DIRECTV is the premier pay TV provider in the United States and Latin America, while AT&T is a leading provider of wireless, Wi-Fi, high-speed broadband, voice and cloud-based services. The transaction was announced on May 18, 2014.