AT&T is reportedly mulling a possible sale of DirecTV - Business Insider

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AT&T is reportedly mulling a possible sale of DirecTV

According to the report, DirecTV could now be valued as low as $20 billion.Visit Business Insider's homepage for more storiesAT&T is considering a sale of DirecTV as it seeks to make up for losses incurred at the hands of cord-cutters ditching traditional cable and satellite,Unnamed sources familiar with the matter told the paper that potential bidders for the business include hedge funds Apollo Global Management and Platinum Equity.

Activist investor Elliott Management, which bought up a significant chunk of the company last year in its push for change, also urged a sale at the time.

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