AT And T, DirecTV Set To Meet On Merger
May 17, 2014

Via AFP:

The boards of AT&T and DirecTV are set to meet Sunday on their potential $50-billion megamerger, The Wall Street Journal reported.

AT&T would pay about $95 a share to take control of DirecTV, the Journal reported, citing sources close to the deal. An agreement could be announced as soon as Sunday.

An AT&T spokesman declined to comment on the report, and no one was immediately available at DirecTV.

A merger between the two companies would create a potent rival to cable TV giant Comcast, which hopes to expand its coverage with the pending takeover of Time Warner Cable.

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