Computer Business Review

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.

Source: Company Press Release

Post a comment

Comments may be moderated for spam, obscenities or defamation.

Join our network

790 people like this.
2236 people follow this.


Suppliers Directory

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.