Bloomberg: AT&T in talks to buy DirecTV for ~$100/share

|About: AT&T Inc. (T)|By:, SA News Editor

Bloomberg reports AT&T (T) is in "advanced talks" to acquire DirecTV (DTV) for ~$100/share - a 15% premium to DirecTV's Monday close, and a 29% premium to where shares traded before the WSJ's May 1 report about deal talks.

The acquisition price values DirecTV at $51B, or over $66B after factoring net debt.

Bloomberg adds that under discussed plans, DirecTV CEO Mike White plans to retire after 2015.

DTV now +5.6% AH to $92.

Earlier: AT&T/DirecTV deal could reportedly be announced in two weeks