By Matthew Campbell & Jeffrey McCracken; Bloomberg ~ May 07, 2014
AT&T Inc. (T), the second-biggest U.S. mobile-phone carrier, is in talks to buy satellite-television company DirecTV (DTV), people with knowledge of the situation said.
DirecTV is working with Goldman Sachs Group Inc. as it explores a sale, one of the people said, asking not to be identified discussing private information. DirecTV has a market value of $45 billion after rising 43 percent in the past year.
Comcast Corp. (CMCSA)’s plan to acquire Time Warner Cable Inc. — to create an even bigger provider of both TV and Internet in the U.S. — is accelerating the need for consolidation in the rest of the industry. Meanwhile, the pool of pay-TV customers is peaking as viewers increasingly watch video online, making fast broadband connections a key offering.