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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 Image by: ETIENNE FRANCHI
    Josh Ong
    Story by

    Josh Ong

    Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him a Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him at [email protected].

    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