by Burke Speaker | May 1, 2014 4:10 pm
AT&T (T) is in talks with DirecTV (DTV) to purchase the satellite-TV operator, and the company is reportedly open to the deal.
The Wall Street Journal first reported the news, citing unnamed sources close to the discussions.
DirecTV’s market value is some $40 billion, with the deal potentially being even larger.
Via USA Today:
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.
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