It is said that AT&T is very close to an agreement for a minority interest in DirecTV.
Both Bloomberg and CNBC sources quoted as saying that AT&T wants to close a deal with the private equity firm TPG for $ 15 million. The news follows a report by the New York Post in December, AT&T TPG entered into an agreement after previous offers did not meet AT & T’s expectations. AT&T bought DirecTV for $ 49 billion in 2015, and it is possible that the company was hoping to scrape back some of it. But DirecTV was too bleeding of customers for years, so there it is.
An AT&T spokesman declined to comment.
Citing sources, CNBC reported that the companies could announce the deal as early as this week. The exhaust also reports that AT&T CEO John Stankey did not want to sell the company’s problem child in full, despite AT & T’s astronomical debt it currently stands at about $ 150 billion.
AT&T also bet big on its big HBO Max experiment, a strange mixture licensed content, HBO content, Max originals and then all the WarnerMedia stuff that has also been put into the service. The service is AT & T’s answer to Netflix and Disney +, though the active subscriptions to those services are still balloon-met 200 million and 95 million subscriptions, respectively – while HBO Max report recently it had 17.17 million “activated” users. Possible throw all of his 2021 Warner Bros. films about the service will help.
It is, of course, possible that the transaction will go through. But maybe AT&T will eventually be able to make its rotting satellite business the problem of someone else.
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