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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
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