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AT&T reportedly interested in acquiring DirecTV for $40 billion

AT&T is interested in purchasing DirecTV, to better compete with Comcast and its attempted acquisition of Time Warner Cable.

Published Thu, May 1 2014 3:17 PM CDT   |   Updated Tue, Nov 3 2020 12:17 PM CST

AT&T reportedly has shown interest in acquiring satellite provider DirecTV, in a deal that would garner at least a $40 billion price tag. DirecTV is the top satellite provider in the United States, with almost 20 million customers - and would be a major addition to AT&T's TV unit, with less than 6 million subscribers.

AT&T reportedly interested in acquiring DirecTV for $40 billion | TweakTown.com

After Comcast announced its pending acquisition of Time Warner Cable, other companies were unsure how to respond to the news - and an AT&T buyout of DirecTV would put the company on almost equal footing as Comcast. Companies are scrambling to try and lead the industry in how content, especially Web-based videos, will be distributed into the living room.

"I would say we should recognize the industry is changing and further consolidation will be necessary going forward," said Jeff Kagan, technology industry analyst, in a press statement. "Of course that means we must be careful and only approve appropriate deals and not all deals. This AT&T DirecTV deal seems to make sense so far. Now we wait to see if anything actually develops here."

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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