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“#DirecTV to become standalone company through $16B AT&T, TPG deal” Telecom giant AT&T has inked a deal with private equity firm TPG that calls for struggling satellite TV provider DirecTV to become a standalone company. The deal calls for AT&T to sell a 30 percent stake in DirecTV, AT&T TV and its U-Verse to TPG…
“#AT&T takes $15.5B charge on struggling DirecTV business” AT&T logged a hefty $15.5 billion charge on its flailing DirecTV unit, which has been pummeled by cord-cutting even as the company’s new streaming service HBO Max continues to grow. The telecom giant said Wednesday that the writedown spurred a fourth-quarter loss as the firm signaled it…
“#AT&T disappointed with offers for DirecTV” AT&T’s attempt to unload DirecTV has been thrown into doubt, as the telecom giant has signaled it’s unhappy with the offers it has received for the struggling satellite-TV service, The Post has learned. Earlier this month, AT&T pushed back a deadline for final bids for DirecTV into January —…
“#DOJ shoots down DirecTV and Dish merger again” Charlie Ergen’s dream of merging his Dish Network with AT&T’s DirecTV has been squashed by the Department of Justice — yet again, The Post has learned. Regulators with the DOJ’s antitrust division recently informed executives of AT&T that a marriage between DirecTV and Dish would likely have…
“#AT&T pushes ahead with auction of DirecTV despite lowball bids” AT&T is pressing ahead with an auction of DirecTV — and it’s shaping up to be a fire sale. The telecom giant last week invited a handful of suitors into the second round of an auction of the struggling satellite-TV broadcaster, even though first-round bids…