Report: DirecTV, Dish discuss possible merger - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

Report: DirecTV, Dish discuss possible merger

Posted: Updated:
(KLTV) - On Wednesday, Bloomberg reported that Dish Network chairman Charlie Ergen recently contacted DirecTV CEO Mike White to discuss a merger between the two companies.

Bloomberg says Ergen made the approach in response to Comcast's $45 billion purchase of Time Warner Cable, which was announced in February. White is hesitant to move ahead with negotiations because he is concerned regulators will block the deal.

DirecTV is one of the largest US satellite tv companies, with around 20 million subscribers. Dish Network and its 14 million subscribers come in at number two in the country.

Shares of both companies rose following news of the merger discussion.

Copyright 2014 KLTV. All rights reserved.
Powered by WorldNow