Telecommunications giant AT&T is in discussions to purchase satellite-TV provider DirecTV, in what may be a $50-billion deal, within two weeks, according to Reuters. AT&T is offering roughly $90 per share for DirecTV, although it previously said it would offer $100 share. Details are still being discussed, but DirecTV would reportedly operate as a unit of A&T. This is the latest telecommunications consolidation megadeal. Comcast and Time Warner Cable may also be merging in a deal valued at $45 billion. Together, AT&T and DirecTV would create a pay-television operation similar in size to the combined Comcast-Time Warner Cable company.(Reuters)(Businessweek)
