AT&T reportedly considering $40 billion DirecTV acquisition

If the idea of Comcast buying out Time Warner Cable to become the largest cable company in America wasn’t enough to make you worry about media consolidation, news tonight from the Wall Street Journal just might. Reportedly, AT&T has approached DirecTV to begin “possible acquisition” talks, a deal that the WSJ says could be worth over $ 40 billion. If it were to happen, it would give the combined company something on the order of 26 million TV subscribers, making it second only to the hypothetical Comcast/TWC combination of 30 million.

DirecTV could be looking to make a deal. The company was also recently rumored to be in talks with Dish about a merger as recently as last month. But working with AT&T might make more sense — the two…

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