Current Affairs Global - 19 May 2014

1. US pharmaceutical giant Pfizer Inc made another attempt to take over British competitor AstraZeneca Plc after increasing its bid offer. Pfizer has placed a new bid of USD 117 billion as the final offer after the previous offer was rejected by the AstraZeneca management. A previous offer of USD 106 billion was turned down by the AstraZeneca management last month.

2. US telecommunications giant AT&T is set to acquire satellite television provider DirecTV in a USD 48.5 billion deal. The deal is subjected to necessary regulatory approval. Once approved, the deal gives AT&T access to DirecTV's 40 million digital TV customers in the USA and Latin America.