AT&T Reportedly Considering DirecTV Acquisition
The merger between Comcast and Time Warner is currently undergoing review in Congress, with many politicians and lobbyists fighting against the deal for various reasons. Sen. Al Franken (D-MN), along with online companies like Netflix, have been vocal opponents of the merger.
According to a report from the Wall Street Journal, another major telco acquisition may be in the works. AT&T has reportedly approached DirectTV about buying the pay-TV service. According to Deadline, the deal would be worth about $40 billion, or $5 billion less than the Comcast merger. The deal would result in the combined AT&T and DirecTV reaching 26 million home subscribers.
AT&T already has a partnership with DirecTV in place, which allows DirecTV to offer service where AT&T broadband but not U-Verse TV is offered.
The reports of AT&T’s interest in DirecTV have yet to be confirmed, but the deal would certainly further reduce competition in the television distribution industry.