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AT&T Moves Ahead on DISH Deal

Stock quotes in this article: DISH , DTV , T , GS  

Updated from 10 a.m.

AT&T has hired Goldman Sachs to explore the acquisition of EchoStar (DISH Quote), TheStreet.com has learned.

Goldman was hired by AT&T about a month ago, says a source familiar with the companies. It was around that time that EchoStar said it was considering splitting its TV broadcasting operations from its wholesale satellite transmission business.

The move adds more fuel to the deal developments first reported last month by TheStreet.com, and comes as Citigroup issued an analyst note saying it expects that AT&T will pay $65 a share to buy EchoStar's TV business. ...

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