AT and T nears 50bln acquisition deal with DirecTV
AT and T is reportedly coming close to finalizing the acquisition deal of DirecTV, at nearly 50 billion dollars.
According to Mashable, the deal would make DirecTV a semi-independent operation within AT&T, with CEO Mike White staying on until 2015.
It is expected that the deal will be done in two weeks.
The acquisition would value DirecTV at roughly $100 per share, roughly a 15% premium over where the company's shares closed on Monday, the report added.
(Posted on 13-05-2014)