Document Analysis NLP IA
FREQ, RAKE or TFIDF
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.