Report: AT&T In Talks To Buy DirecTV for $50 Billion

Illustration for article titled Report: AT&T In Talks To Buy DirecTV for $50 Billion

Bloomberg is reporting that AT&T is gearing up to buy DirecTV for $50 billion. Per Bloomberg:

Under the plan being discussed, DirecTV management will continue to run the company as a unit of AT&T and DirecTV Chief Executive Officer Mike White plans to retire after 2015, said the people, asking not to be named because the information is private.

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Report is thin, but this isn't the first time we've heard this rumor. Perhaps it would be a plan to boost AT&T's existing UVerse offering, especially in light of Comcast/Time Warner Cable. But also the dollar amount for an AT&T purchase of DirecTV seems a bit high, especially considering Comcast got TWC for around $44 billion. [Bloomberg]

DISCUSSION

iwishmynamewasdax
I Wish My Name Was Dax

You know what...fuck it. We have an Anti-Trust Act on the books, but nobody in our government even looks sideways at it when it means something so let's just go ahead and get rid of it. Let's have three or four gigantic telecommunications companies and they'll just go ahead and divide up our country and then we can all reap the benefits of having zero fucking choice. How does that sound?

Can some Ayn Rand libertarian jump on here and explain to me how not regulating these markets and allowing the biggest companies an unfettered ability to purchase up all competition is somehow good for the consumer? Isn't the invisible hand of the free market supposed to regulate this sort of crap?