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AT&T Reportedly Close to Sealing $50B Deal to Purchase DirecTV

AT&T is reportedly in advanced talks to acquire DirectTV with rumors an announcement could take place within two weeks. An estimated bid of $95 a share would represent a 22% premium to DirecTV’s late April stock price before rumors of a deal began to circulate. That would value the satellite TV provider at close to $50 billion. Should the deal come to pass, the combined company would rival the size of Comcast's proposed acquisition of Time Warner Cable. However, like that deal, any offer would come under intense scrutiny from regulators concerned with industry consolidation.