AT&T eying DirecTV takeover in a move that could make it America’s top pay TV provider

AT&T DirecTV Acquisition

With Comcast and Time Warner Cable fighting to merge, AT&T has no intentions of sitting idle. The Wall Street Journal on Wednesday night reported that AT&T has approached satellite TV giant DirecTV about a possible acquisition. As the report notes, such a deal would instantly propel AT&T from being a somewhat small player in the pay TV market to being the No. 2 provider in a post-Comcast/TWC merger world. Should Comcast’s acquisition fall through, a DirecTV deal would make AT&T the top pay TV provider in the country with nearly 26 million subscribers, after adding DirecTV’s 20 million households to its own 5.7 million. The Journal notes that such a deal would be worth at least $40 billion, which is DirecTV’s current market capitalization.

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