AT&T Considering $40 Billion Acquisition of DirecTV (Report)
AT&T may be considering an acquisition of DirecTV, The Wall Street Journal reports.
The publication reports AT&T approached the satellite TV firm about possibly acquiring it. If a deal were to occur, it would create a pay television giant comparable to the size of Comcast Corp. if it completes its pending acquisition of Time Warner Cable.
AT&T serves 5.7 million TV customers, and DirecTV serves 20 million. Combined they would have roughly 26 million customers. Comcast, along with Time Warner Cable, serves 30 million customers.
A potential deal is estimated to be valued at $40 billion, the current market capitalization of DirecTV. AT&T's overture reportedly came at some point after Comcast unveiled its deal to acquire Time Warner Cable in February.
AT&T did not immediately respond to request for comment. DirecTV declined to comment.