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]
The <3 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
Image via Getty Images
Get the TNW newsletter
Get the most important tech news in your inbox each week.