DirecTV is an American direct broadcast satellite service provider and broadcaster based in El Segundo, California. Its satellite service, launched on June 17, 1994, transmits digital satellite television and audio to households in the United States, Latin America and the Caribbean. It was announced on May 18, 2014, that DirecTV may possibly be acquired by AT&T, Inc., in a transaction valued at $48.5 billion that is subject to federal approval.