Newspaper wrap-up: AT&T may be pursuing expensive acquisition

Posted Oct 24th 2007 8:40AM by Eric Buscemi
Filed under: Newspapers, Magazines, Google (GOOG), AT and T (T), Merrill Lynch (MER), Verizon Communications (VZ)

MAJOR PAPERS:

If AT&T (NYSE: T) were to acquire EchoStar Communications (NASDAQ: DISH) or DirectTV Group (NYSE: DTV), it's estimated that it would cost between $30B and $40B, and that should concern investors, according to the Wall Street Journal's (subscription required) "Heard on the Street" column.
Verizon Communications (NYSE: VZ) is signing up tens of thousands of new subscribers tor it FiOs high speed TV and Internet service, that uses fiber optics, according to the Wall Street Journal, and the push is threatening the cable industry.

OTHER PAPERS:

The New York Times reported that Merrill Lynch (NYSE: MER) reported another $2.9B in write-downs today.
Google (NASDAQ: GOOG) is expected to announce a partnership today with the Nielsen company for measuring how many people are viewing TV ads on a second-by-second basis, reported the New York Times.
Carlos Ghosn, head of Nissan Motor Co (NASDAQ: NSANY) and Renault, continues to be interested in a partnership with a U.S. automaker, but says he 's not now speaking with anyone, reported the Associated Press.

Tags: ap, associated press, AssociatedPress, new york times, newspaper, NewYorkTimes, ny times, NyTimes, paper, periodical, wall street journal, WallStreetJournal, wsj

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Reader Comments (Page 1 of 1)

10-24-2007 @ 8:52AM

B. Finn said...

Would those costs of the ATT-Echostar/ATT-DirecTV outweigh the benefits of a takeover? ATT definitely has some ties to either company that it can take advantage of: http://www.newsvisual.com/newsvisual/2007/10/common-ties-cou.html . Apparently in either scenario ATT is pretty connected- any thoughts as to whether it can lower some of those costs based on the relationships mentioned?

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