Home » International News » AT&T in Talks to Buy DirecTV for About $50 Billion, Joins Consolidation Race

AT&T in Talks to Buy DirecTV for About $50 Billion, Joins Consolidation Race

AT&T Inc. (T), joining the ranks of U.S. TV, Internet and wireless providers racing to consolidate, is in advanced talks to acquire DirecTV for about $50 billion, according to people familiar with the matter. Under the plan being discussed, management of DirecTV, the largest U.S. satellite-TV provider, will continue to run the company as a unit of AT&T, said the people, asking not to be named because the information is private. DirecTV Chief Executive Officer Mike White plans to retire after 2015, the people said. More from Bloomberg.com: U.S. Is No. 1, China Is So Yesterday The purchase would give AT&T a national satellite-TV provider to combine with its wireless, phone and high-speed…