Washington, May 13 ANI | 1 year ago

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 and 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 USD 100 per share, roughly a 15pc premium over where the company's shares closed on Monday, the report added.

(Posted on 13-05-2014)

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