AT&T Developer ProgramBloomberg and The Wall Street Journal reported this afternoon that AT&T is nearing a $50 billion acquisition of DirecTV.

Rumors have circulated for the past few weeks about the potential massive deal, but now Bloomberg said that the two companies are in “advanced talks,” and are planning a 12-month regulatory process. The Wall Street Journal reported something similar earlier this month, but at a $40 billion valuation.

DirecTV has more than 38 million cable subscribers and posted $7.86 billion in revenue last quarter. The El Segundo, Calif.-based company has numerous other partnerships, including a big one with the NFL.

If the deal goes through, it won’t be the first huge cable TV-related deal in 2014. In February, Comcast acquired Time Warner Cable for $45.2 billion.

Shares of DirecTV are up more than 5 percent in after hours trading.

Comments

  • stelajohnson1984

    I hate AT&T and I really like my DirectTV.

    Whatever happened to not allowing monopolies? Didn’t AT&T get busted up once back in http://bit.ly/1lehlN9

  • Dumb_Tim_Armstrong
  • Kevin Mansel

    45.2 million for comcast…now that’s a deal! ;)

    • Taylor Soper

      You’re right, that would be an amazing deal :) Just fixed that — thanks for pointing it out!

  • Salty_Swede

    Unbundle cable and satellite.

  • Velo

    The Comcast/TWC deal has been approved by their boards, but is many months away from regulatory approval. Until that happens, I don’t think you can say “Comcast acquired TWC.”

Job Listings on GeekWork