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AT&T exploring new sale effort for DirecTV - WSJ
- AT&T (NYSE:T) is exploring a deal for DirecTV (again), talking with
private-equity firms for the satellite TV service it's been carrying for
five years, the *WSJ* reports.
- And while that would bring in a hefty payment, it's unlikely to match
the $49B that AT&T paid in 2015.
- The unit might draw $20B now, sources told *WSJ* - but AT&T's
debt-wary investors might say that any little bit counts.
- Shares are up 1.2% after hours.
- AT&T and its advisers at Goldman Sachs have been conducting the latest
exploration, talking with potential bidders like Apollo (NYSE:APO) and
Platinum Equity, according to the report.
- Recently, a DirecTV disposition was back in the news as the prospect
of combining it with Dish Network was floated.
- *Updated 5:24 p.m.:* Dish Network (NASDAQ:DISH) is now up 6.2% after
hours.
|Fri, Aug. 28, 4:26 PM|325 Comments
AT&T exploring new sale effort for DirecTV - WSJ
- AT&T (NYSE:T) is exploring a deal for DirecTV (again), talking with
private-equity firms for the satellite TV service it's been carrying for
five years, the *WSJ* reports.
- And while that would bring in a hefty payment, it's unlikely to match
the $49B that AT&T paid in 2015.
- The unit might draw $20B now, sources told *WSJ* - but AT&T's
debt-wary investors might say that any little bit counts.
- Shares are up 1.2% after hours.
- AT&T and its advisers at Goldman Sachs have been conducting the latest
exploration, talking with potential bidders like Apollo (NYSE:APO) and
Platinum Equity, according to the report.
- Recently, a DirecTV disposition was back in the news as the prospect
of combining it with Dish Network was floated.
- *Updated 5:24 p.m.:* Dish Network (NASDAQ:DISH) is now up 6.2% after
hours.
|Fri, Aug. 28, 4:26 PM|325 Comments
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