Washington, May 13 ANI | 7 months 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&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)

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