AT&T is said to be very cheeseparing to a deal for a minority wager in DirecTV .
BothBloombergandCNBCcited sources as saying that AT&T is close to closing a pot with private equity firm TPG that would evaluate the ship’s company at $ 15 billion . The newsworthiness follow a report by theNew York Postin December that AT&T had engaged TPG about a softwood after old offering had fail to meet AT&T ’s outlook . AT&T bought DirecTV for $ 49 billion back in 2015 , and it ’s possible the companionship had hoped to scrape some of that back . But DirecTV has also beenhemorrhaging customersfor geezerhood , so there ’s that .
A spokesperson for AT&T declined to comment .
Photo: Ronald Martinez (Getty Images)
bring up germ , CNBC report that the companies could declare the agreement as shortly as this week . The outlet also report that AT&T CEO John Stankey had n’t wanted to betray the ship’s company ’s job child in full , despite AT&T’sastronomical debtthat presently stands at around $ 150 billion .
AT&T has also reckon big on its capital big HBO Max experimentation , astrange hodgepodgeof licensed subject , HBO capacity , Max originals , and then all of the WarnerMedia stuff that got shuffled into the service as well . The service of process is AT&T ’s answer to Netflix and Disney+ , though those services ’ active subscriptions carry on to balloon — with200 millionand95 millionsubscriptions , respectively — while HBO Maxreportedmost recently that it had 17.17 million “ trip ” users . Possiblythrowingall of its 2021 Warner Bros. flick on the service will help .
It is , of grade , possible that the wad will fall through . But maybe AT&T will finally be able-bodied to make its decaying satellite company somebody else ’s job .
discipline : This clause in the first place cited the deal as being worth $ 15 million . The deal is articulate to value DirecTV at $ 15 billion . We regret the computer error .
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