AT&T is reportedly exploring a parting of ways with DirecTV, including a spinoff as a public company or a merger with Dish Network

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The Wall Street Journal reports that AT&T wants to get rid of DirecTV, one way or another.

The wireless carrier has considered various options, including a spinoff of satellite television provider DirecTV into a separate public company and a combination of DirecTV's assets with Dish Network, sources told WSJ.Earlier this month, activist investor Elliott Management Corp disclosed a $3.2 billion stake in the company and listed businesses, including satellite television provider DirecTV, as possible sale candidates.

The hedge fund urged the company to end its acquisition spree to focus on improving its business, while criticizing the $85 billion purchase of media company TimeWarner Inc last year and the $49 billion deal for DirecTV in 2015.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines