Tags: AT&T | DirecTV | talks | buy

AT&T Reported to Be in Talks to Buy DirecTV

Wednesday, 07 May 2014 06:21 PM EDT

AT&T Inc., the second-biggest U.S. mobile-phone carrier, is in talks to acquire satellite-television company DirecTV, people familiar with the situation said Wednesday.

DirecTV is working with Goldman Sachs Group Inc. as it explores a sale, one of the people said, asking not to be identified discussing private information. After rising 43 percent in the past year, DirecTV has a market value of $45 billion.

Representatives for the companies declined to comment, as did a spokesman for Goldman Sachs. The Wall Street Journal earlier reported that Dallas-based AT&T approached DirecTV about a potential acquisition and that Goldman Sachs is working with DirecTV as the companies hold talks.

Comcast Corp.’s plan to acquire Time Warner Cable Inc. — to create an even bigger provider of both TV and Internet in the U.S. — is accelerating the need for consolidation in the rest of the industry. Meanwhile, the pool of pay-TV customers is peaking as viewers increasingly watch video online, making fast broadband connections a key offering.

Separately, Dish Network Corp. Chairman Charlie Ergen has contacted El Segundo, California-based DirecTV to discuss a merger of the two satellite-TV companies, people with knowledge of the matter said March 26.

© Copyright 2025 Bloomberg News. All rights reserved.


StreetTalk
AT&T Inc., the second-biggest U.S. mobile-phone carrier, is in talks to acquire satellite-television company DirecTV, people familiar with the situation said Wednesday.
AT&T, DirecTV, talks, buy
193
2014-21-07
Wednesday, 07 May 2014 06:21 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved