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AT&T Flirts With DirecTV Takeover Potentially Worth $40 Billion

AT&T has approached DirecTV about possibly acquiring the company, according to a report by the Wall Street Journal. The Journal reported that DirecTV would be "open to a deal," which it said would likely be worth at least $40 billion, DirecTV's current market capitalization. AT&T already has a partnership with the company, selling its satellite TV service in states where AT&T offers broadband. The report comes as the U.S. pay-TV industry has been going through significant consolidation.