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Broadband

AT&T hopes for higher bids in new round of DirecTV sale - report

Wednesday 7 October 2020 | 12:00 CET | News
The auction process is being handled by Goldman Sachs, other sources said. Competitor satellite-TV provider Dish Network will not participate in the bidding process, after a failed offer last year led to antitrust concerns. Sources said that leaves the field mainly open to private-equity firms, or multiple buyout firms partnering together. Apollo and Platinum Equity Partners are known to have taken a look at DirecTV, but it is not sure if they are part of the second round. Suitors are now talking to lenders to see how much money they can borrow to finance a leveraged buyout, a lender with

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Categories: Broadcast & Satellite / Internet
Companies: AT&T / DirecTV
Countries: United States
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