May 12 AT&T Inc is expected to strike a deal with DirecTV in as early as two weeks, the Wall Street Journal reported on Monday, citing sources.
The mobile services provider and the satellite TV company are discussing a cash-and-stock deal, the sources told the Journal. (link.reuters.com/zuf39v)
DirecTV is working with advisers including Goldman Sachs Group to evaluate a possible combination following a recent takeover approach, Reuters reported last week.
AT&T declined to comment, while DirecTV representatives were not immediately available for comment.
(Reporting by Abhirup Roy in Bangalore and Marina Lopes and Jennifer Saba in New York; Editing by Sriraj Kalluvila)