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AT&T is in talks to acquire DirecTV

AT&T (NYSE: T) is in talks to acquire DirecTV (NSDQ: DTV) in a deal rumored to be around $50 billion, according to Dow Jones.  The offer would value DTV stock around $95 per share, stock closed Monday at $87.16.  Both companies have discussed the idea of a merger for years and it finally looks like the conditions are right.  AT&T is the second largest wireless operator in the U.S. while DirecTV is one of the biggest satellite TV providers in the U.S.

This is just another mega deal in the telecoms, cable and satellite TV space which is still working through the proposed $45 billion deal between Comcast and Time Warner Cable.  If both deals go through then the new giants of AT&T and Comcast would be of similar size and because of this it could make for a long battle with regulators.  The Wall Street Journal said a deal could happen in two weeks.