WSJ: AT&T eyes DirecTV in possible $40B+ deal

|About: AT&T Inc. (T)|By:, SA News Editor

AT&T (T) has approached DirecTV (DTV) about buying the satellite-TV provider in a deal that could be worth at least $40B, the WSJ reports. DirecTV, whose market cap is $39.5B, is open to a deal.

The combined company would have almost 26M pay TV subscribers vs the 30M that Comcast would have if it acquires Time Warner Cable.

As with the Comcast-TWC deal, a major question is whether regulators would authorize a tie-up between AT&T and DirecTV, with broadband competition likely to be the main issue in any review.