AT&T may keep majority ownership of DirecTV as it closes in on final deal

AT&T may keep majority ownership of DirecTV as it closes in on final deal

3 years ago
Anonymous $K6XgmDN5_o

https://arstechnica.com/information-technology/2021/01/att-may-keep-majority-ownership-of-directv-as-it-closes-in-on-final-deal/

AT&T is reportedly closing in on a deal to sell a stake in DirecTV to TPG, a private-equity firm.

Unfortunately for customers hoping that AT&T will relinquish control of DirecTV, a Reuters report on Friday said the pending deal would give TPG a "minority stake" in AT&T's satellite-TV subsidiary. On the other hand, a private-equity firm looking to wring value out of a declining business wouldn't necessarily be better for DirecTV customers than AT&T is.