TELETRADER News
8/28/2020, 10:50 PM (Source: TeleTrader)
more TeleTrader news

AT&T-1.04%

24.21
Chart for: AT&T Inc

AT&T to revisit DirecTV deal - report

AT&T Inc. is again exploring different options for its DirecTV business, and has been in negotiations with private equities over its satellite service provider subsidiary, The Wall Street Journal reported on Friday, citing sources familiar to the matter.

While it is not clear at this point what kind of a deal might the process result in, it is unlikely that the AT&T will be able to recover the $49 billion that it paid for the satellite TV service five years ago, the report read.

According to the article, Apollo Global Management Inc. and Platinum Equity are among the potential bidders, while the other ones that the firm approached declined the offer.

Breaking the News / BU