Advanced Television

AT&T still contemplating selling part of DirecTV

November 5, 2020

By Chris Forrester

AT&T is still considering selling off a “significant minority stake in DirecTV”.

According to a report by business news channel CNBC, various Venture Capitalist funds, including Apollo Management, are planning to make bids.

However, the bad news for AT&T is that the cash under consideration would value DirecTV at less than $15 billion. That’s a huge loss on the $67 billion that AT&T paid for DirecTV just 5 years ago.

Reports suggest that all of AT&T’s pay-TV assets are up for grabs including DirecTV itself, AT&T NOW and U-Verse offerings.

The plan being reported is that AT&T would hold onto a majority economic share as well as the U-Verse infrastructure. The incoming new buyer would control the complete pay-TV distribution although not DirecTV’s Latino operations.

Final bids are due in next month.

Categories: Articles, Business, M&A

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