DALLAS, May 13 (UPI) -- AT&T is in talks to buy satellite TV provider DirecTV for a reported $50 billion, expanding the wireless, phone and high-speed broadband provider's services to satellite TV.
The two companies are discussing a deal that would involve a mixture of cash and AT&T stock but that would have DirecTV's management run the company as a unit of AT&T. According to people close to the matter, an agreement could be reached in the next two weeks with the final price hovering in the low- to mid-nineties per DirecTV share.