AT&T
Nears $50
Billion Acquisition of DirecTV
Acquisition talks between
AT&T and
DirecTV continue to progress, with the companies just weeks away from a deal worth roughly $50 billion, according to reports
The deal would make
DirecTV a semi-independent operation within AT&T, with CEO Mike White staying on until 2015,
according to Bloomberg.
The deal could be done in in two weeks, according to
The Wall Street Journal. The
Journal first reported on talks between the two companies at
the beginning of May.
The
Acquisition would value
DirecTV at roughly $100 per share, roughly a 15% premium over where the company's shares closed on Monday
Both
AT&T and
DirecTV declined to comment
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