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AT&T lines up offers for DirecTV of over USD 15 billion - report

Thursday 10 December 2020 | 09:44 CET | News
AT&T has received a number of offers for its satellite-TV service DirecTV, with the top bids valuing the unit at over USD 15 billion including debt, the Wall Street Journal reported, citing sources familiar with the matter. Churchill Capital Corp and private equity firm TPG sent in the highest bids. Apollo Global Management's offer came in under USD 15 billion; the firm has long been considered the front-runner. With the auction at a late stage, a deal could be reached early next year.

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