WSJ Reports AT&T May Be Eying a $40B DirecTV Acquisition

Posted by timothy on Thursday May 1, 2014 @12:48AM from the you-are-my-eyeballs-my-only-eyeballs dept.

New submitter rcht148 (2872453) writes with this excerpt from The Verge:"If the idea of Comcast buying out Time Warner Cable to become the largest cable company in America wasn't enough to make you worry about media consolidation, news [Wednesday] from the Wall Street Journal just might. Reportedly, AT&T has approached DirecTV to begin 'possible acquisition' talks, a deal that the WSJ says could be worth over $40 billion. If it were to happen, it would give the combined company something on the order of 26 million TV subscribers, making it second only to the hypothetical Comcast/TWC combination of 30 million."

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Re:Both have better TV then comcast by Anonymous Coward · 2014-05-01 01:20 · Score: 3, Informative

That may be true (I happen to agree with you that it likely is), however this is not about TV. This is about competition and removing it.
If AT&T buys out DirecTV that creates one more super-monopoly and reduces choices even more, thereby allowing everyone to raise prices and reduce quality. Nothing about this is good for consumers.