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CHICAGO May 17 AT&T Inc is set to announce its
expected acquisition of top U.S. satellite TV operator DirecTV
on Sunday, according to a report by online news website
A spokesman for AT&T said the firm would make no comment on
the report. DirecTV did not immediately respond to a request for
AT&T has been in active discussions to buy DirecTV for
nearly $50 billion, or low to mid-$90s per share, and has been
working to finalize a deal in the next few weeks, Reuters
reported last Monday.
Citing a source close to DirecTV, Buzzfeed.com said that
DirecTV chief executive Mike White has told senior executives a
deal had been reached and would be announced Sunday.
Reuters reported this week that AT&T was working with
investment bank Lazard Ltd in talks for a potential takeover of
(Reporting By Nick Carey; editing by Gunna Dickson)