Rumor Revived: Will Verizon Buy a Sat TV Company?
On a slow news day, The Wall Street Journal has dusted off the old telco-buys-sat TV company rumors.
In a Heard on the Street piece, The Journal says that the odds of Verizon (VZ) buying DirecTV (DTV) could be shortening. The theory is based on Verizon CEO Ivan Seidenberg’s recent remark that he wants to make video the company’s core product for its fixed-line business; the story asserts that the best way to do that would be to buy a satellite TV company–and that the best one to buy would be DTV.
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