AT&T is said to be very close to an agreement for a minority stake in DirecTV.
Both Bloomberg and CNBC sources quoted as saying that AT&T is close to concluding an agreement with the private capital company TPG for 15 million dollars. The news follows a report by New York Post In December, AT&T hired TPG in connection with a deal after previous offers failed to meet AT&T’s expectations. AT&T bought DirecTV for $ 49 billion in 2015, and the company may have hoped to change its mind. But so was DirecTV client hemorrhage for years, so there is this.
An AT&T spokesman declined to comment.
Citing sources, CNBC reported that companies could announce the deal immediately after this week. Socket, too reported that AT&T CEO John Stankey did not want to completely sell the company’s troubled child, despite AT&T astronomical debts which currently amounts to about $ 150 billion.
AT&T also bet on its big big HBO experiment Max, a strange mixture licensed content, HBO content, Max originals, and then all the WarnerMedia stuff that was mixed up and in service. The service is AT&T’s answer to Netflix and Disney +, although active subscriptions to these services continue to grow – with 200 million and 95 million subscriptions, respectively – while HBO Max reported most recently, it had 17.17 million “active” users. Eventually throw all his 2021 films from Warner Bros.
Of course, the transaction may end. But maybe AT&T will eventually manage to make its decaying satellite company someone else’s problem.
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