Dish CEO Charlie Ergen approached the CEO of DirecTV, Mike White, about possible merging the two companies, Bloomberg reports.
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Both companies do the same thing: Satellite TV, so it makes sense for them to merge. Instead of fighting each other, they could combine to fight Comcast, Verizon, and AT&T.
A merger between the companies has been discussed for years and nothing has come of it.
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It doesn't sound like much is happening here, either. Bloomberg says White is hesitant to do a deal, but he wouldn't rule it out. There have been no high level formal discussions.
Both companies stocks are up on the news. And this feels like a trial balloon to test market reaction. So far, so good!
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