DirecTV’s market value is some $40 billion, with the deal potentially being even larger.
If the two sides ever come to an agreement, it would be one of the largest — if not the largest — pay-TV industry acquisitions, possibly even surpassing Comcast’s deal to buy Time Warner Cable for $45 billion.
DirecTV, based in El Segundo, Calif., had $8.6 billion in revenue last year and provides satellite-TV service to about 20 million subscribers in the U.S. and 17 million in Latin America.
Dish Network reportedly was previously interested in a merger with DirecTV, according to news reports in March.
DTV stock is up 4% today.