AT&T Inc is expected to offer about $100 per share for DirecTV, valuing the satellite TV provider at around $50 billion, Bloomberg reported, citing people familiar with the matter.DirecTV shares rose 6 percent to $92.50 in extended trading on Monday.Earlier in the day, the Wall Street Journal reported that AT&T is expected to strike a deal with DirecTV in as early as two weeks, citing sources. (link.reuters.com/zuf39v)The companies are discussing a cash-and-stock deal, the sources told the Journal.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.36% or $0.13/share to $36.57. In the past year, the shares have traded as low as $31.74 and as high as $37.83. On average, 28813500 shares of T exchange hands on a given day and today's volume is recorded at 23959840.
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