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Friday, September 12, 2014

DirecTV CEO sees AT&T merger closing by April 2015, (NYSE: T)

Satellite television service DirecTV expects its merger with wireless operator AT&T Inc to be completed next April, Chief Executive Mike White told investors at a conference on Friday.AT&T's $48.5 billion bid for DirecTV, announced in May, is being reviewed by U.S. regulators."We are optimistic that we will be able to get this deal closed in the first half of next year," said White. "My best guess right now is early April."The takeover by AT&T hinges on the completion of a deal with the National Football League for rights to the popular Sunday Ticket package, which gives subscribers access to live Sunday games on multimedia platforms, including iPads and game consoles.

AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T fell by 0.92% or $-0.32/share to $34.53. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 19747100 shares of T exchange hands on a given day and today's volume is recorded at 5925107.