The big gets bigger.
The boards of AT&T and DirecTV are set to meet Sunday on their potential $50-billion megamerger, The Wall Street Journal reported.
AT&T would pay about $95 a share to take control of DirecTV, the Journal reported, citing sources close to the deal. An agreement could be announced as soon as Sunday.
An AT&T spokesman declined to comment on the report, and no one was immediately available at DirecTV.
A merger between the two companies would create a potent rival to cable TV giant Comcast, which hopes to expand its coverage with the pending takeover of Time Warner Cable.
DirecTV has about 20 million customers, making it the number-two pay-TV company in the United States.
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