This article was published on May 12, 2014

Bloomberg: AT&T is close to finalizing a $50b acquisition of DirecTV


Bloomberg: AT&T is close to finalizing a $50b acquisition of DirecTV

Bloomberg is reporting that AT&T is in “advanced talks” with DirecTV for an acquisition that would value the satellite TV provider at around $50 billion. DirecTV would continue to operate separately, according to the report.

When The Wall Street Journal first reported on the rumored deal in early May, DirecTV had a market capitalization of roughly $40 billion.

AT&T Said in Advanced Talks to Buy DirecTV for About $50 Billion [Bloomberg]

Photo credit: Etienne FRANCHI/AFP/Getty Images

Get the TNW newsletter

Get the most important tech news in your inbox each week.