AT&T Eyes $50B Play for DirecTV
Deal may complicate Comcast merger
By Kevin Spak, Newser User
Posted May 13, 2014 9:04 AM CDT
This Wednesday, Oct. 17, 2012, file photo shows an AT&T logo on an AT&T Wireless retail store front, in Philadelphia.   (AP Photo/Matt Rourke, File)

(Newser) – AT&T is in active talks to buy DirecTV for around $50 billion, multiple outlets are reporting, with the deal potentially coming in a matter of weeks. The move could have implications for Comcast's purchase of Time Warner, because anti-regulators may want to look at both deals together, the New York Times reports, adding that the AT&T talks actually began in earnest right after the Time Warner deal was announced. "With DirecTV they are getting a national TV presence—they can sell TV with wireless nationwide," one analyst tells Bloomberg.

The exact price is still up in the air; Reuters sources say it's in the "low- to mid-$90 per share" range, while Bloomberg says it could be as high as $100 per share. Also still in the air is the fate of DirecTV CEO Mike White, who isn't expected to step down—but does reportedly plan to retire after 2015. Some industry sources speculate that the entire deal is a feint intended to land the real apple of AT&T's eye, Dish Network. Last week Dish said it could see the logic in merging with its competitor, but said it couldn't outbid AT&T for DirecTV.

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Showing 3 of 12 comments
May 13, 2014 3:32 PM CDT
Remember when we used to have a government that protected the public against things like monopolies?
May 13, 2014 2:54 PM CDT
So AT&T wants back in the TV business does anyone know how Comcast got so big? Comcast bought out AT&T Broadband and Internet Services that included Cable TV. AT&T bought out TCI after the owner & Founder passed away John Malone was the CEO at the time and remained at the head until he had a falling out with AT&T who more or less told him old man we know what we are doing go sit in the corner. John Malone got so fed up with the mess he sold his stock in the company. At the moment almost every Cable and Satellite TV Company is handing over money to Malone Starz Entertainment Group controls most of the Cable channels. Starz is owned by Liberty Media Liberty Media is owned by John Malone. I see another flop if this comes true.
May 13, 2014 11:14 AM CDT
I guess I will have to cancel and stream everything on my PC or kids consoles.