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Home Business & Finance AT&T is turning DirecTV into a standalone company – TechCrunch

AT&T is turning DirecTV into a standalone company – TechCrunch

Document Analysis NLP IA

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1:47
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neutral
sentiment

Sentiment0.070929070929071
objective
redaction

Subjectivity0.44589993339993
it's an affirmation
Affirmation0.61923076923077

Highlights

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Key Concepts (and relevance score)

    Summary (IA Generated)

    AT&T just announced an agreement with private equity firm TPG that will turn DirecTV into a standalone company, albeit one that’s still majority owned by the telecom giant.

    This transaction values DirecTV at $16.

    5 billion that AT&T paid to acquire the pay TV provider in 2015, part of a wave of telecom-media acquisitions.

    Even with new offerings like AT&T TV (which will be part of the standalone company, along with the DirecTV and U-Verse services) pay TV subscriptions have been declining, with AT&T reporting a net loss of 617,000 premium video subscribers in its most recent quarter.

    “As the pay-TV industry continues to evolve, forming a new entity with TPG to operate the U.

    “TPG is the right partner for this transaction and creating a new entity is the right way to structure and manage the video business for optimum value creation.

    The company said the transaction should close in the second half of 2021.


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