Advertisement
UK markets closed
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     
  • AIM

    789.87
    +6.17 (+0.79%)
     
  • GBP/EUR

    1.1629
    +0.0018 (+0.16%)
     
  • GBP/USD

    1.2530
    +0.0006 (+0.05%)
     
  • Bitcoin GBP

    48,354.55
    -1,380.84 (-2.78%)
     
  • CMC Crypto 200

    1,256.65
    -101.36 (-7.22%)
     
  • S&P 500

    5,223.02
    +8.94 (+0.17%)
     
  • DOW

    39,530.73
    +142.97 (+0.36%)
     
  • CRUDE OIL

    78.40
    -0.86 (-1.09%)
     
  • GOLD FUTURES

    2,370.20
    +29.90 (+1.28%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     

Timeline: AT&T's biggest deals over the last decade

FILE PHOTO: President and CEO of Discovery David Zaslav speaks during the Discovery portion of the Television Critics Association (TCA) Summer Press Tour in Beverly Hills

(Reuters) - AT&T Inc spent billions of dollars over the last few years buying media assets, including Time Warner and DirecTV as it looked for growth beyond an increasingly competitive cellular market.

With a spin off of its media assets to Discovery Inc on Monday and the sale of it stake in DirecTV to buyout firm TPG Capital earlier this year, AT&T is now working on streamlining its business, paying down its debt and focusing on expanding its 5G network.

Discovery acquired Scripps Networks Interactive Inc for $11.9 billion in 2017 and the Oprah Winfrey Network last year for about $36 million.

Here is a timeline of AT&T's largest deals over the last ten years:

ADVERTISEMENT

2012 - Acquired the equity of NextWave Wireless Inc for up to $50 million and took on $550 million of the company's debt (https://reut.rs/3owxBmc)

2013 - Bought prepaid wireless provider Leap Wireless International Inc in a deal valued at about $4 billion. The deal included a large debt component (https://reut.rs/3bxueGq)

2014 - Bought satellite TV provider DirecTV for $48.5 billion (https://reut.rs/3ftepkY)

2016 - Agreed to buy media firm Time Warner Inc for $85 billion, in the boldest move by a telecoms company to buy content to stream over its network (https://reut.rs/2S4UdOc)

2020 - Agreed to sell its Crunchyroll anime business to Sony's Fumination Global Group LLC in $1.18 billion deal. The deal gave Sony access to Crunchyroll's 3 million paying subscribers (https://reut.rs/3tXLk6q)

2021 - Agreed to sell one-third of its stake in DirecTV to buyout firm TPG Capital in a deal valuing the business at about $16 billion, well below what it paid for the asset less than six years earlier (https://reut.rs/3yf10pk)

(Reporting by Eva Mathews and Tiyashi Datta in Bengaluru; Editing by Shounak Dasgupta)