AT&T Inc has approached DirecTV about a possible acquisition of the satellite TV company, the Wall Street Journal reported, citing people familiar with the situation. A deal would likely be worth at least $40 billion, DirecTV's current market capitalization, the newspaper said.A combination of AT&T and DirecTV would create a pay television giant close in size to where Comcast Corp will be if it completes its pending acquisition of Time Warner Cable Inc, the Journal said. (r.reuters.com/qad98v)Representatives for AT&T were not immediately reachable for comment outside of regular U.S. business hours.DirecTV spokesman Robert Mercer said the company does not comment on speculation.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.79% or $0.28/share to $35.70. In the past year, the shares have traded as low as $31.74 and as high as $37.88. On average, 30664100 shares of T exchange hands on a given day and today's volume is recorded at 22553278.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.09% or $0.13/share to $141.46. In the past year, the shares have traded as low as $92.87 and as high as $147.28. On average, 3592600 shares of TWC exchange hands on a given day and today's volume is recorded at 2292424.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 2.66% or $1.72/share to $66.46. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5782120 shares of TWX exchange hands on a given day and today's volume is recorded at 14533643.
Source
