Dish Network and DirecTV could be considering a merger

According to a report published by Bloomberg earlier, Dish Network Chairman of the Board Charlie Ergen recently approached DirecTV CEO Mike White in order to chat about the possibility of merging the two companies. Likely influenced by the recent news of the Comcast acquisition of Time Warner Cable, a merger of the two satellite companies would create a total subscriber base of 34 million consumers. 

Dish Network Corp. Chairman Charlie Ergen recently contacted DirecTV Chief Executive Officer Mike White to discuss a merger of the two satellite television companies, according to several people with knowledge of the matter. Shares of both companies rose. Ergen made the approach in response to Comcast Corp.’s $45 billion acquisition of Time Warner Cable Inc. announced in mid-February, one of the people said, asking not to be identified discussing confidential information. White is reluctant to push forward with formal talks out of concern regulators may block the deal because the two companies directly compete with each other, another person said.

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Written by Chastity Mansfield

I'm a writer, an amateur designer, and a collector of trinkets that nobody else wants. You can find me on Noozeez, and Twitter.

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