AT&T (NYSE: T) might be on the verge of selling several ungainly assets. CNBC, citing people familiar with the matter, reported Tuesday that the telecom giant is nearing a deal to sell a minority stake in its pay TV business, which comprises DIRECTV, TV Now, and U-Verse. The apparent buyer is private equity firm TPG, and the potential sale values the assets at roughly $15 billion.
It was not immediately clear how large a stake is involved in the deal.
Image source: Getty Images.