AT&T is said to be very close to an agreement for a minority stake in DirecTV.
Both of us Bloomberg i CNBC quoted sources say AT&T is about to close a deal with private equity firm TPG for $ 15 million. The news follows a report from the New York Post in December, AT&T had contracted TPG on a deal after previous bids did not meet AT&T’s expectations. AT&T bought DirecTV for $ 49 billion in 2015 and the company may have hoped to recoup some of it. But DirecTV has been too client hemorrhages for years, so there’s that.
An AT&T spokesman declined to comment.
Citing sources, CNBC reported that companies could announce the deal as early as this week. The dam too reported that AT&T CEO John Stankey had not wanted to completely sell the company’s problem, despite AT&T astronomical debt which currently stands at around $ 150 billion.
AT&T has also bet heavily on its big HBO experiment Max strange mixture of licensed content, HBO content, Max originals, and then all the WarnerMedia material that was also mixed into the service. The service is AT&T’s answer to Netflix and Disney +, although active subscriptions to these services continue to grow 200 million i 95 million subscriptions, respectively, while HBO Max reported most recently, it had 17.17 million “activated” users. Possibly pulling all his Warner Bros. movies. of 2021 will be useful.
Of course, the deal may end. But maybe AT&T will finally be able to make its declining satellite company the problem of someone else.
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