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ATT to buy 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 Journalfirst 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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Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

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