AT&T Has Approached DirecTV about a Possible Acquisition

Thursday, 01 May 2014 06:41 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

AT&T Inc has approached DirecTV about a possible acquisition of the satellite TV company, the Wall Street Journal reported, citing people familiar with the situation.

A deal would likely be worth at least $40 billion, DirecTV's current market capitalization, the newspaper said.

A combination of AT&T and DirecTV would create a pay television giant close in size to where Comcast Corp will be if it completes its pending acquisition of Time Warner Cable Inc, the Journal said. (http://r.reuters.com/qad98v)

Representatives for AT&T were not immediately available for comment outside of regular U.S. business hours.

DirecTV spokesman Robert Mercer said the company does not comment on speculation.

Comcast Corp this week agreed to a three-way deal with Charter Communications Inc as part of Comcast's efforts to win regulatory approvals for its proposed $45 billion purchase of Time Warner Cable.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Palin Challenges WashPost 'Wusses' to Cover Obama Like Nixon

Sunday, 27 Jul 2014 23:03 PM

Sarah Palin issued a challenge to the Washington Post to do the same job investigating President Barack Obama as it did  . . .

Tentative Deal Reached on VA Reform

Sunday, 27 Jul 2014 17:37 PM

The chairmen of the House and Senate Veterans Affairs committees have reached a tentative agreement on a plan to improve . . .

Report: Hamas Turns to North Korea for Arms

Sunday, 27 Jul 2014 17:06 PM

Hamas militants in Palestine are hammering out a new arms deal with communist North Korea to obtain the missiles and com . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved