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DirecTV, AT&T Merger Talks Heat Up

New York — DirecTV shares rose nearly 6 percent ($4.94 each) in after hours trading Monday after a report in the Wall Street Journal claimed the satellite giant could announce a deal with telco AT&T in the next two weeks.

The Journal first reported that AT&T had approached DirecTV about a possible deal on May 1, adding that the talks were preliminary. Those discussions apparently heated up quickly, with the paper saying the two are talking about a cash and stock deal that could value the satellite giant between $45.

For more on this story, see TWICE sister publication Multichannel News.