DirecTV
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AT&T has changed its position again on its WarnerMedia stake – by deciding to offload all of its remaining shares to shareholders.
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AT&T and TPG have closed the deal to establish DirecTV, the new standalone entity that will own and operate DirecTV, AT&T TV and U-verse video services.
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AT&T is open to offers for its Latin American version of DirecTV, the satellite TV unit that private equity group TPG Capital is buying into.
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AT&T will have lost more than US$35 billion on its 2015 acquisition of DirecTV, according to reports that it is planning to sell a stake in its video business.
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AT&T has received bids for more than US$15 billion for its satellite TV operation, DirecTV, according to reports.
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John Donovan, head of the telecoms division of AT&T, is to retire on 1 October.