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AT&T near deal to sell 'large' minority stake in video operations to TPG
- AT&T (NYSE:T) is nearing a deal to sell a large minority stake in its
struggling DirecTV/U-verse operations to private-equity firm TPG, CNBC
says.
- That deal would value the video units around $15B ... which as
expected would be a substantial loss on DirecTV, which AT&T acquired six
years ago for $48.5B.
- The deal could come as soon as this week, according to the report.
- Also involved in the deal is AT&T's AT&T TV Now business, which is
also tied to legacy linear TV. If completed the deal would mean AT&T's
ongoing shift toward HBO Max as its key media outlet.
- AT&T shares are jumping a bit, up 0.9%.
|Today, 2:02 PM|106 Comments
AT&T near deal to sell 'large' minority stake in video operations to TPG
- AT&T (NYSE:T) is nearing a deal to sell a large minority stake in its
struggling DirecTV/U-verse operations to private-equity firm TPG, CNBC
says.
- That deal would value the video units around $15B ... which as
expected would be a substantial loss on DirecTV, which AT&T acquired six
years ago for $48.5B.
- The deal could come as soon as this week, according to the report.
- Also involved in the deal is AT&T's AT&T TV Now business, which is
also tied to legacy linear TV. If completed the deal would mean AT&T's
ongoing shift toward HBO Max as its key media outlet.
- AT&T shares are jumping a bit, up 0.9%.
|Today, 2:02 PM|106 Comments
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