AT&T, loaded with debt from its DirecTV deal, sells part of its TV business to a private equity firm.

By BY LAUREN HIRSCH AND EDMUND LEE from NYT Business https://ift.tt/2MqDr9X
via IFTTT AT&T, loaded with debt from its DirecTV deal, sells part of its TV business to a private equity firm. The spinoff, which will give TPG a minority stake, values the TV business at $16.25 billion — about a third of what AT&T paid just for DirecTV in 2015. BY LAUREN HIRSCH AND EDMUND LEE https://ift.tt/2MqDr9X https://ift.tt/3bEL3hM New York Times Business Media, Telephones and Telecommunications, Television, Television Sets and Media Devices February 26, 2021 at 07:30AM