AT&T pursues DirecTV

AT&T pursues DirecTV

NYT: The country's second-largest wireless carrier is in talks to purchase the largest U.S. satellite television provider for at least $50 billion.

For AT&T, a deal for DirecTV would signal its continued ambitions to grow in the United States. The terms of any agreement are not expected to be released in the next two weeks, and the two sides are working on a pricing structure under which AT&T would pay $92 to $94 a share, Mr. Gelles writes. In addition, Mike White, DirecTV’s chief executive, is not expected to step down if the deal goes through.

Talks between AT&T and DirecTV became more seriousafter Comcast announced its plan to acquire Time Warner Cable. People knowledgeable about both deals said that if AT&T and DirecTV announced a merger, it could complicate the review of Comcast’s bid for Time Warner Cable because antitrust regulators might want to consider both deals simultaneously.

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