Posted 01 May 2014 - 04:03 AM
AT&T has started discussions with DirecTV to possibly buy the satellite-TV operator, reports The Wall Street Journal.
Citing unnamed sources, the paper reported Wednesday evening that DirecTV would be "open to a deal."
AT&T and DirecTV couldn't be reached for comment.
If the two sides ever come to an agreement, it would be one of the largest -- if not the largest -- pay-TV industry acquisitions, possibly even surpassing Comcast's deal to buy Time Warner Cable for $45 billion. As of Wednesday, DirecTV's market value totaled about $39.6 billion.
DirecTV, based in El Segundo, Calif., had $8.6 billion in revenue last year and provides satellite-TV service to about 20 million subscribers in the U.S. and 17 million in Latin America.
AT&T's U-Verse TV service, which uses fiber optic lines, gained 201,000 customers in the first quarter to reach 5.7 million.