Liberty Media Corp’s recent decision to split off Direct TV, has fueled rumors that Verizon might buy the satellite TV provider. However, according to a report from Reuters, Verizon’s CEO has put the kibosh on this rumour.
According to him, taking over the company wouldn’t make strategic sense. Yeah, right.
Personally, I’m not buying the denial — or, at least, I’m not buying the explanation behind the denial. Verizon is already partnered with Directv to provide on-demand video services and given that both Verizon and DirectTV are in direct competition with Comcast (a company that has been on a feeding frenzy of it’s own of late), it would make perfect sense for Verizon to buy the satellite provider. So, I’ll believe this when it actually doesn’t happen.
Comments on this entry are closed.