Report: AT&T Close to Selling Stake in DIRECTV, TV Now, and U-Verse Business Business

By The Motley Fool13 days ago

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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.

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