*(Via Reuters) – AT&T Inc is in active talks to buy satellite TV provider DirecTV and may finalize a deal in the next few weeks that could be worth close to $50 billion, two people familiar with the matter said on Monday.
The second largest wireless operator is discussing an offer in the low to mid-$90s per share for DirecTV, one of the people said, compared with the company’s closing price of $87.16 on Monday.
A bid at around $95 per share would value DirecTV at more than $48 billion based on its shares outstanding.
The deal price has yet to be finalized and terms could still change, the people said, adding that discussions are continuing and asking not to be named because the matter is not public.
The talks are the latest sign of a rising tide of potential megadeals in the telecoms, cable and satellite TV space, which is being roiled by Comcast Corp’s proposed $45 billion takeover of Time Warner Cable Inc as well as market forces like the rise of Web-based TV and surging mobile Internet usage.
Get MORE of this story at Reuters.