AT&T wants to buy DirecTV for $50 billion

AT&T (S ATT) is in advanced talks to buy DirecTV (S DTV) for $50 billion, or about $100 per share, Bloomberg reported Monday. AT&T’s plan is to turn the satellite company into an AT&T unit, and keep management on board to run that unit, with plans for DirecTV’s chief executive¬†Mike White to¬†retire in 2016. The acquisition report, which neither company is commenting on, comes after three months after Comcast announced that it was going to acquire Time Warner Cable in a $45 billion deal.