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AT&T To Spin-Off Floundering DirecTV Business
1 month ago - By Forbes
AT&T today announced that it would spin-off its money-losing DirecTV, AT&T TV, and U-verses video services into a separate company valued at $16.25 billion in a deal with private equity firm TPG.
Read more ...AT&T spinning off DirecTV after losing millions of customers
1 month ago - By Stl Today
AT&T is spinning off its DirecTV into a new company for a fraction of the $48.5 billion it paid for the satellite TV service in 2015. DirecTV has lost millions of customers on AT&T's watch, and is valued in the...
Read more ...AT&T spinning off DirecTV after losing millions of customers
1 month ago - By Chron
AT&T is spinning off its DirecTV into a new company for a fraction of the $48.5 billion it paid for the satellite TV service in 2015. DirecTV has lost millions of customers on AT&T's watch, and is valued in the deal at just $16.25 billion, including debt.
Private equity firm TPG will own 30% of the business, while AT&T holds the rest. The telecom company will receive $7.8 billion in cash, including $1.8 billion from TPG and and $5.8 billion from the new DirecTV firm, which is borrowing that sum. The new DirecTV will also take on $200 million in debt from AT&T.
AT&T launched its streaming...
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