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AT&T Finally Made a Deal to Sell (Some of) DIRECTV

Adam Levy, The Motley Fool
·4-min read
AT&T Finally Made a Deal to Sell (Some of) DIRECTV
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AT&T (NYSE: T) took a big step toward cutting the cord on its pay-TV business. AT&T will retain 70% ownership of the new company, but it will get a much-needed cash infusion as part of the deal, valuing the business at $16.25 billion. It's not an ideal end result from AT&T's $67 billion DIRECTV acquisition from 2014, but it's necessary for AT&T to move forward.