AfterDawn: Tech news

AT&T looking into purchasing satellite giant DirecTV

Written by Andre Yoskowitz (Google+) @ 03 May 2014 22:34

AT&T looking into purchasing satellite giant DirecTV According to sources, AT&T has approached DirecTV about acquiring the satellite TV giant.
Given the current value of DTV, any deal would have to be over $40 billion, making it one of the largest deals in history.

If a merger were to occur, the new company could compete in size and scale with the colossus of Comcast were it to complete its proposed merger with Time Warner Cable. Comcast's deal was for $45 billion in cash and stock.

In order to get the deal passed by regulators, Comcast has agreed to give up 1.4 million subscribers to Charter Communications, a smaller cable company, and has agreed to spin-off a new company that Charter is a 33 percent owner of, which will have 2.5 million subscribers.

Source:
Business Insider

Tags: AT&T DirecTV
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