AT&T Approached DirecTV About Possible Acquisition, WSJ Says

AT&T Inc., the second-biggest U.S. mobile-phone carrier, approached DirecTV about possibly acquiring the satellite-television company, the Wall Street Journal said, citing people familiar with the situation.

It’s unclear whether the companies are in detailed talks, although DirecTV would be open to a deal, the report said, citing an unidentified person. The deal would probably be worth at least $40 billion, the Journal said.