AT&T To Buy DirecTV For $50 Billion

Acquisition talks between AT&T and DirecTV continue to progress, with the companies just weeks away from a deal worth roughly $50 billion, according to reports.

The deal would make DirecTV a semi-independent operation within AT&T, with CEO Mike White staying on until 2015, according to Bloomberg.

The deal could be done in in two weeks, according to The Wall Street Journal. The Journal first reported on talks between the two companies at the beginning of May.

The acquisition would value DirecTV at roughly $100 per share, roughly a 15% premium over where the company’s shares closed on Monday.

For more on this story visit: Jason Abbruzzese, Mashable