AT&T is in advanced talks to acquire DirecTV, the largest U.S. satellite-TV provider, for about $100 per share, according to people familiar with the matter. Under the plan being discussed, DirecTV management will continue to run the company as a unit of AT&T and DirecTV Chief Executive Officer Mike White plans to retire after 2015, said the people, asking not to be named because the information is private.
AT&T in talks to acquire DirecTV for over $50 billion
Comcast wants to buy Time Warner Cable for $42 billion. Now AT&T wants to buy DirecTV for $50 billion, according to multiple news reports on Monday. The proposed tie-up between the two tech titans, were it to take place, would be the largest telecom deal in years. If you’re AT&T, a deep-pocketed national telecom giant watching national policymakers gnash teeth and rend garments about the proposed $42 billion merger between Comcast and Time Warner Cable, what would you do? Buy satellite giant DirecTV in a $50 billion deal, of course! That’s what’s seemingly on the verge of happening, according to multiple reports on Monday. The proposed tie-up between the two tech titans — which would be the largest telecom deal in years — is not unexpected.
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