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Appeared on: Thursday, May 01, 2014
AT&T Cosidering A DirecTV Acquisition, WSJ Says

U.S. mobile-phone carrier AT&T has approached DirecTV about possibly acquiring the satellite-television company, the Wall Street Journal said, citing people familiar with the matter.

DirecTV would be open to a $40 billion deal, the report said, citing an unidentified person.

DirecTV is the largest U.S. satellite-TV operator, with about 20 million paying subscribers and a market value of more than $39 billion.

Comcast has also agreed this year to acquire Time Warner Cable Inc. for $45 billion, while Dish Network Chairman Charlie Ergen has also contacted DirecTV to discuss a merger of the two satellite-TV companies, according to earlier reports.




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