Topics

AT&T
AT&T nears deal for DirecTV
AT&T nears deal for DirecTV

AT&T is near a deal to acquire satellite broadcasting giant DirecTV. The two companies, which have flirted in the past, are awaiting board approval on the transaction -- valued at close to $50 billion -- that would make telecommunications giant AT&T a major player in the pay-TV business. An agreement could be reached as early as Sunday, confirmed a person close to the talks who requested anonymity because of the sensitivity of the matter. The two companies started talking this year, and the discussions have heated up in the last two weeks. An AT&T spokesman declined to comment. DirecTV spokespeople did not return requests for comment. With more than 20 million subscribers...

Loading