AT&T will soon announce its acquisition of satellite provider DirecTV, according to Bloomberg. The company will reportedly propose an aggressive takeover bid of $100 per share, which values DirecTV at around $50 billion and is higher than the $40 billion figure floated previously. Both parties expect the regulatory process to take somewhere around 12 months, the report says. If AT&T is successful in its pursuit, DirecTV’s current management will apparently remain in place post-merger and continue running things. But CEO Mike White may not stick around long; Bloomberg claims he’s planning a 2015 retirement.

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