With Comcast and Time Warner Cable fighting to merge, ATT has no intentions of sitting idle. The Wall Street Journal on Wednesday night reported that ATT has approached satellite TV giant DirecTV about a possible acquisition. As the report notes, such a deal would instantly propel ATT from being a somewhat small player in the pay TV market to being the No. 2 provider in a post-Comcast/TWC merger world. Should Comcast’s acquisition fall through, a DirecTV deal would make ATT the top pay TV provider in the country with nearly 26 million subscribers, after adding DirecTV’s 20 million households to its own 5.7 million. The Journal notes that such a deal would be worth at least $40 billion, which is DirecTV’s current market capitalization.
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