Report: DirecTV on the prowl for potential acquisitions
DirecTV CEO Michael White has started a “strategic scan” for potential acquisitions but doesn’t think a megadeal is in the offing.
Speaking to a Dow Jones Newswires reporter, White said he has pushed DirecTV’s board of directors to get together in order to look for potential deals that would boost the satellite company’s content or distribution offerings in the United States and Latin America.
According to the Dow Jones story, White thinks there’s an opportunity for DirecTV to increase its ownership stake in businesses in Latin America, as well as buy up content companies and broadband providers in the region.
In the United States, White is mulling purchasing companies, especially in sports, but is reportedly shopping for smaller deals.
White, who took over the CEO reins earlier this year, has experience in creating multi-billion-dollar deals. According to the Dow Jones story, he helped Pepsi strike a $7.8 billion purchase of its two biggest independent bottlers.