AT&T to announce DirecTV takeover tomorrow

May 17, 2014
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Reuters is reporting that AT&T is set to announce the acquisition of DirecTV tomorrow, according to a report by online news website Buzzfeed.com.

Rumors have been circulating for some time now that AT&T has been in discussions to buy DirecTV for nearly $50 billion.

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

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