AT&T near USD 50 bln takeover of DirecTV - report

Tuesday 13 May 2014 | 09:18 CET | News
AT&T is in advanced talks to acquire DirecTV for about USD 50 billion, people familiar with the matter told Bloomberg. Under the plan being discussed, management of DirecTV, the largest US satellite-TV provider, will continue to run the company as a unit of AT&T. DirecTV CEO Mike White plans to retire after 2015, the report said. The deal is more than a week away from being completed, one source told Bloomberg. The two companies are still negotiating a price, which could come close to USD 95 a share, depending on how much cash or stock is in the transaction. Two other people said the price

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Categories: Broadcast & Satellite
Companies: Comcast / DirecTV / Time Warner Cable / Verizon
Countries: United States
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