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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.

@anthony256
Anthony Garreffa
Published Tue, May 13 2014 3:28 AM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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.

AT&T rumored to have put a $50 billion bid in for DirecTV | TweakTown.com

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 SOURCE:bgr.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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