Tech

AT&T announces deal to spin off DirecTV into new company owned by… AT&T

Enlarge / AT&T’s logo at its corporate headquarters on March 13, 2020 in Dallas, Texas. (credit: Getty Images | Ronald Martinez ) Nearly six years after buying DirecTV for $48.5 billion, AT&T today announced a deal to sell a minority stake in the business unit and spin it out into a new subsidiary. AT&T said […]

Tech

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

Enlarge / A DirecTV satellite dish seen outside a bar in Portland, Oregon, in October 2019. (credit: Getty Images | hapabapa) 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 […]