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Courtship between AT&T and DIRESCTV

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Shares of the satellite TV provider DIRECTV (NASDAQ:DTV) are advancing prior to open on published reports that AT&T Inc. (NYSE:T) will acquire the company for a price tag around $50 billion. According to Reuters, AT&T is considering a bid between the “low-to-mid $90s per share for DIRECTV.” The combination of AT&T and DIRECTV would rival only the proposed deal with Comcast-TWC. If the deal falls through, it would face intense regulatory scrutiny.