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TPG in exclusive talks to buy AT&T's DirecTV - report

Monday 25 January 2021 | 08:58 CET | News
Private equity firm TPG has started exclusive talks for AT&T's DirectTV satellite TV service, Reuters reported, with sources saying the deal could value the unit at over USD 15 billion. Should the negotiations conclude successfully, a deal could be announcing in the coming weeks. The sale would help AT&T reduce its net debt of almost USD 150 billion. AT&T has been trying to raise cash and reduce debt for some time, under pressure from investors, including activist shareholder Elliott Management.

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