U.S. Markets closed

AT&T approached DirecTV about possible takeover, WSJ reports

AT&T (T) has approached DirecTV (DTV) about a possible takeover that would likely be worth at least $40B, Wall Street Journal reports, citing people familiar with the situation. The approach has come since Comcast (CMCSA) announced its deal with Time Warner Cable (TWC) in February, and both AT&T and DirecTV declined to comment on the report, the Journal adds.