AT&T and BSkyB eye major broadcasting acquisitions

by Jimmy Nicholls| 13 May 2014

American and British broadcasters join Comcast in flurry of mergers.

News of major broadcasting deals either side of the Atlantic this week has signalled a revival of big business fortunes in the media and telecommunications.

US telecoms firm AT&T is looking to buy satellite television firm DirecTV in a deal thought to be worth $50bn. Separately UK broadcaster BSkyB is seeking to combine several European TV stations under one roof.

AT&T are offering up to $100 a share for DirecTV, compared with $87.16 per share when trading closed on Monday in a deal that could be closed within the next few weeks.

BSkyB is meanwhile seeking to acquire Sky Italia and Sky Deutschland in a deal said to be worth €10bn, creating a broadcaster with 20 million subscribers.

Rupert Murdoch currently owns 39% of BSkyB through 21st Century Fox, which also has a 55% stake in Sky Deutschland and wholly owns Sky Italia.

The announcements follow controversy in the US over a proposed merger between Comcast and Time Warner Cable, a deal thought to be worth $45bn.

If AT&T deal is completed the resulting company would be comparable in size to Comcast should it succeeds in acquiring Time Warner Cable. Both US deals face regulatory approval.

Comments
Post a comment

Comments may be moderated for spam, obscenities or defamation.

Join our network

732 people like this.
0 people follow this.

Intelligence

Suppliers Directory

  • Absolute Software - Security Solutions for Mobile Computers and Smartphones

    Absolute® Software specialises in technology and services for the management and security of mobile computers and smartphones.

  • Webroot - Security Solutions

    Webroot provides industry leading security solutions for consumers, enterprises and small and medium businesses worldwide.

  • Neverfail Overview

    The Neverfail Group is dedicated to creating a world where business applications are continuously available. High Availability, Disaster Recovery...

  • Capscan

    Capscan is a leading supplier of international address management solutions and data integrity services. Capscan has more than 1800 customers...


See more
Privcy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.