Newspaper article International New York Times

AT&T Deal with DirecTV Would Reshape Industry

Newspaper article International New York Times

AT&T Deal with DirecTV Would Reshape Industry

Article excerpt

If completed, a deal would give AT&T, the second-largest wireless carrier in the United States, control of the country's largest satellite-television provider.

AT&T is in talks to buy DirecTV for at least $50 billion, and the two sides are actively working toward an announcement, according to several people with knowledge of the matter.

If completed, a deal would give AT&T, the second-largest wireless carrier in the United States, after Verizon, control of the largest American satellite-television provider, further reshaping the rapidly changing telecommunications and television industries. Rumors of a deal between the two companies have sent DirecTV shares up about 12 percent this month.

The two sides are working on a pricing structure under which AT&T would pay $92 to $94 a share. Mike White, DirecTV's chief executive, is not expected to step down if the deal goes through.

For AT&T, a deal for DirecTV would signal its continued ambitions to grow in the United States, after its attempted takeover of its rival wireless carrier T-Mobile failed in 2011 because of resistance from regulators. …

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