AT&T is reportedly close to announcing its acquisition of DirecTV

AT&T is reportedly ready to announce a deal for satellite communications company DirecTV on Sunday. Allegedly, DirecTV CEO Mike White has told senior executives that the deal with AT&T is finalized, and details are ready to be released to the public. The deal, rumored to approach $50 billion, will give the combined broadcast entity over 26 million subscribers, rivaling that of Comcast and Time Warner’s accumulated subscriber base.