Telecom giant AT&T, under pressure from an activist investor, is exploring a possible sale of its satellite TV unit DirecTV, a source familiar with the matter tells NBCNews
Telecom giant AT&T, under pressure from an activist investor, is exploring a possible sale of its satellite TV unit DirecTV, a source familiar with the matter confirmed to NBC News.
On Tuesday, Charlie Ergen, the co-founder and chairman of Dish, confirmed to NBC NEWS he had been pitched the idea of a merger of the two satellite services. He gave an indication of interest while noting there were no talks. The Justice Department previously demanded that AT&T shed a major asset such as DirecTV in order to gain regulatory approval for its Time Warner acquisition, whichA Dish-DirecTV combination has beenwho see few buyers of satellite companies in a world of internet-delivered video.
AT&T has not yet officially confirmed it is considering selling DirecTV, but activist investor Elliott Management acquired a $3.2 billion stake in the telecom player last week and has urged a shake-up of the company. The hedge fund sent a letter calling for the company to spin off assets including DirecTV and its Mexican telecom assets.
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