AT&T is close to a deal for DirecTV that would value the satellite broadcaster at nearly $50 billion, according to published reports Tuesday.
According to Reuters, both the deal price and terms have not been finalized, but a merger agreement could be inked in the next few weeks.
Reuters reported that AT&T, which is America’s second-largest wireless operator, would pay around in the low to mid $90’s per share for DirecTV.
Should the combination go through, AT&T would serve nearly 26 million households in the U.S.
The merger, if approved, would be the latest in a string of mega-deals in the telecom and media worlds.
Comcast is currently trying to complete its acquisition of Time Warner for roughly $45 billion. If the merger is completed Comcast would end up serving more households than AT&T with roughly 30 million subscribers.
Read More: Reuters
Brief Take: An AT&T-DirecTV tie-up could both create a pay TV giant, and increase the competition on the bundle front, potentially benefitting consumers.
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