AT&T Could Soon Sell Part of DIRECTV and Other Pay-TV Operations
AT&T (NYSE: T) is looking to sell part of its DIRECTV, AT&T Now, and U-Verse pay-TV businesses, according to a report published today by CNBC. The report states that the telecom giant is considering selling between 30% and 49% of these businesses and lists Apollo Management and other private equity firms as potential buyers.
The deal would reportedly value DIRECTV at less than $15 billion after accounting for the unit's debt. Final bids from potential buyers are said to be due next month, according to CNBC's unnamed sources.
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Source Fool.com
