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DirecTV a possible takeover target for AT&T

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Shares of the satellite TV provider DIRECTV (NASDAQ:DTV) are soaring today after a report in the Wall Street Journal indicated that AT&T Inc. (NYSE:T) has approached the company about a takeover. The possible deal according to the Journal would be worth around $40 billion or higher. The deal would rival Comcast Corporation (NASDAQ:CMCSA) and Time Warner Cable Inc’s (NYSE:TWC) potential combination in terms of subscription base. AT&T and DirecTV already have broadband service agreements.