Alpha Diallo
0
All posts from Alpha Diallo
Alpha Diallo in Alpha Diallo,

DirecTV a possible takeover target for AT&T

 (Image source: wallstcheatsheet.com)

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.