AT&T is the latest media company reportedly looking to upend the industry as it is looking to acquire cable operator DirecTV in a $50 billion deal.
It’s a transaction reports say will likely lead to similar debate, speculation and attention seen by Comcast in its bid to acquire Time Warner Cable. For AT&T, though, the antitrust scrutiny could be worth what it would gain from the buyout: a stronger hold in the cable industry to compliment its current wireless, landline and Internet operations.
It’s yet another media merger likely to land in the hands of the Federal Communications Commission, which currently has its eye on the Comcast deal as well as Sprint’s supposed plans to acquire wireless rival T-Mobile.
According to unnamed sources, AT&T is already in discussions to make the acquisition; those sources also said that should the buyout go through, AT&T would continue to run DirecTV as a unit under the telco.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI