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.
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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.