AT&T is spinning off its DirecTV into a new company for a fraction of the $48.5 billion it paid for the satellite TV service in 2015.
DirecTV has lost millions of customers on AT&T’s watch, and is valued in the deal at just $16.25 billion, including debt.
Source: washington times
Summary automatically generated by NewSUM A.I. from the following sources:
- AT&T spinning off DirecTV after losing millions of customers (abc news)
- AT&T spinning off DirecTV after losing millions of customers (washington times)