Dish (DISH) Approached DirectTV (DTV) About Potential Mega-Merger - Report
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Shares of DirectTV (NYSE: DTV) and DISH Networks (Nasdaq: DISH) both jumped over 5 percent intraday Wednesday on reports from Bloomberg that Dish Chairman Charlie Ergen approached DirecTV CEO Mike White about a merger of the two companies.
The talks appear to be in response to Comcast's (Nasdaq: CMCSA) $45 billion proposal to acquire Time Warner Cable (NYSE: TWC), which was announced last month.
White is said to be reluctant to enter formal talks between the companies given antitrust issues that could arise from a potential deal. However, he hasn't ruled out a deal entirely and senior level officials at each company discussed the idea.
Neither DISH nor DIrecTV would comment on the report.
The talks appear to be in response to Comcast's (Nasdaq: CMCSA) $45 billion proposal to acquire Time Warner Cable (NYSE: TWC), which was announced last month.
White is said to be reluctant to enter formal talks between the companies given antitrust issues that could arise from a potential deal. However, he hasn't ruled out a deal entirely and senior level officials at each company discussed the idea.
Neither DISH nor DIrecTV would comment on the report.
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