Telecommunications giant AT&T has made an inquiry to DirecTV about an acquisition of the satellite TV provider, according to a report from the Wall Street Journal.
A combination of the two would create a subscriber television base to rival another recent mega-merger — Comcast’s acquisition of Time Warner CableThe Journal estimated an acquisition would be worth at least $40 billion, roughly DirecTV’s market capitalization as of Thursday.
DirecTV declined to comment. AT&T did not immediately return a request for comment.
Adding DirecTV would instantly make AT&T one of the largest subscriber television providers in the US. The two companies have an existing partnership that bundles television and cellphone service. AT&T’s existing television business, U-Verse, is only available in limited areas. Read more…
Source: Mashable Business