AT&T Inc is set to announce its expected acquisition of top U.S. satellite TV operator DirecTV on Sunday, according to a report by online news website Buzzfeed.com.A spokesman for AT&T said the firm would make no comment on the report. DirecTV did not immediately respond to a request for comment.AT&T has been in active discussions to purchase DirecTV for nearly $50 billion, or low to mid-$90s per share, and has been working to finalize a deal in the next few weeks, Reuters reported last Monday.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.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.6% or $0.22/share to $36.74. In the past year, the shares have traded as low as $31.74 and as high as $37.44. On average, 29083800 shares of T exchange hands on a given day and today's volume is recorded at 24021550.
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