01.05.2014 06:48:08
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AT&T Approaches DirecTV For Possible Combination: WSJ
(RTTNews) - Telecom giant AT&T Corp. (T) has approached DirecTV (DTV) about a possible acquisition of the digital television entertainment provider, The Wall Street Journal reported, quoting people familiar with the situation. A deal is likely worth at least $40 billion.
DirecTV is the second biggest pay TV operator. It serves about 20 million customers. AT&T's landline-based TV business serves about 5.7 million customers.
The combination is expected to create a pay television giant close in size to Comcast Corp. (CMCSK, CMCSA) after its acquisition of Time Warner Cable (TWC).
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AT&T Inc. (AT & T Inc.) | 25,18 | -1,27% |
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Comcast Corp. (Class A) | 34,16 | -1,70% |
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