(Reuters) - AT&T Inc has approached DirecTV about a possible acquisition of the satellite TV company, the Wall Street Journal reported, citing people familiar with the situation.
A deal would likely be worth at least $40 billion, DirecTV's current market capitalization, the newspaper said.
A combination of AT&T and DirecTV would create a pay television giant close in size to where Comcast Corp
Representatives for AT&T were not immediately available for comment outside of regular U.S. business hours.
DirecTV spokesman Robert Mercer said the company does not comment on speculation.
Comcast Corp this week agreed to a three-way deal with Charter Communications Inc
(Reporting by Supriya Kurane in Bangalore; Editing by Edwina Gibbs)
