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This article was published on May 1, 2014

    AT&T is reportedly looking to buy satellite TV firm DirecTV

    AT&T is reportedly looking to buy satellite TV firm DirecTV Image by: Justin Sullivan
    Jon Russell
    Story by

    Jon Russell

    Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on T Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on Twitter, Angel List, LinkedIn.

    AT&T is reported to have approached satellite TV firm DirecTV over a possible acquisition, according to the Wall Street Journal.

    DirecTV has around 20 million viewers and a $40 billion market cap. Any deal would bring AT&T’s TV presence to around the same size as its rival Comcast’s, once the company completes its deal to buy Time Warner Cable. AT&T’s own TV business is estimated to have 5.7 million customers, while Comcast and Time Warner Cable combined will serve around 30 million.

    The Journal cites sources who claim that AT&T has previously approached DirecTV and Dish “in recent years,” though, reading between the lines, Comcast’s move may well have triggered this latest effort.

    AT&T Has Approached DirecTV About Possible Acquisition [Wall Street Journal]

    Image via Getty Images