AT&T is said to be very close to a deal for a minority stake in DirecTV.
Both Bloomberg Y CNBC they cited sources who said AT&T is close to closing a deal with private equity firm TPG for $ 15 million. The news follows a report by New York Post in December, AT&T had hired TPG on a deal after previous offers failed to meet AT & T’s expectations. AT&T bought DirecTV for $ 49 billion in 2015, and it’s possible the company hoped to recoup some of that. But DirecTV has also been clients with bleeding for years, so there it is.
An AT&T spokesman declined to comment.
Citing sources, CNBC reported that the companies could announce the deal as early as this week. The output too reported that AT&T CEO John Stankey had not wanted to sell the company’s troubled son in its entirety, despite AT&T astronomical debt which is currently around $ 150 billion.
AT&T has also bet big on its grand HBO Max experiment, a strange hodgepodge of licensed content, HBO content, Max originals, and then all of the WarnerMedia material that was also mixed on the service. The service is AT & T’s answer to Netflix and Disney +, although active subscriptions for those services continue to grow, with 200 million Y 95 million subscriptions, respectively, while HBO Max reported most recently, it had 17.17 million “activated” users. Possibly launch all of your 2021 Warner Bros. movies on the service will help.
Of course, the deal may fail. But maybe AT&T can finally turn its decaying satellite company into someone else’s problem.