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AT&T rumored to have put a $50 billion bid in for DirecTV

How much does $50 billion buy? It will buy DirecTV from AT&T is the latest reports are true (NYSE:T)

| Business, Financial & Legal News | Posted: May 13, 2014 8:28 am

According to a report from Bloomberg, AT&T has in deep discussions with DirecTV for a massive acquisition that would see AT&T shelling out $100 per share for DirecTV, a deal that would be worth around $50 billion.

 

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Bloomberg's Alex Sherman and Jeffrey McCracken said: "Under the plan being discussed, DirecTV management will continue to run the company as a unit of AT&T and DirecTV Chief Executive Officer Mike White plans to retire after 2015, said the people, asking not to be named because the information is private".

NEWS SOURCES:Bgr.com

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