Thu May 1, 2014
Merger Possible In Home Entertainment Industry
Originally published on Thu May 1, 2014 7:35 am
RENEE MONTAGNE, HOST:
NPR's business news begins with another possible home entertainment merger.
AT&T wants to purchase the Satellite TV provider DirecTV. The Wall Street Journal first reported the news. The deal would likely be worth around $40 billion. This comes in the wake of Comcast's attempt to buy Time Warner Cable. It's still seeking government approval for the deal.
Acquiring DirecTV would give AT&T a national foothold in pay television, as well as new platforms to deliver video on demand. The two companies already have a partnership to provide Internet service to DirecTV subscribers. Neither company is commenting. Transcript provided by NPR, Copyright NPR.