{"id":44162,"date":"2021-03-01T08:04:28","date_gmt":"2021-03-01T13:04:28","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=44162"},"modified":"2021-03-01T00:46:10","modified_gmt":"2021-03-01T05:46:10","slug":"circumstances-force-att-inc-nyset-to-sell-its-directv","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/circumstances-force-att-inc-nyset-to-sell-its-directv-44162","title":{"rendered":"Circumstances Force AT&#038;T Inc (NYSE:T) To Sell Its DirecTV"},"content":{"rendered":"<p>The constant shifts in the pay-TV landscape have kept the various service providers on edge. <strong>AT&amp;T Inc (NYSE:T)<\/strong> is one among the many companies looking for ways to survive in the fast-changing business worldwide. Streaming businesses have been on the rise lately, and that pulls along with cord-cutting.<\/p>\n<p><strong>Difficult times face DirecTV<\/strong><\/p>\n<p>DirecTV is struggling as the service providers continue looking for ways to remain relevant in the fast-shifting business climate. AT&amp;T has been operating its video business for many years, but circumstances are forcing it to make some difficult choices. The business took to selling out a minority stake of this business to TPG, which happens to be a private equity firm. AT&amp;T TV, DirecTV, and U-Verse have been sold out at a combined price of $16 billion.<\/p>\n<p>Market experts have termed the deal an ill-timed one, as the company strives to get in terms with the whole cord-cutting saga.<\/p>\n<p>MoffettNathanson, who happens to be a telecom analyst, has spoken about the latest changes, terming the merger between the two companies a nonsensical one. Moffett says that no one should pretend that he\/she didn&#8217;t see the danger that lay ahead.<\/p>\n<p><strong>Establishing new company<\/strong><\/p>\n<p>However, the important thing is to make some progressive plans for the future. AT&amp;T and TPG embark on the creation of a new company which they are naming &#8220;New DirecTV..&#8221; The terms of the deal stipulate that AT&amp;T will be enjoying a 70% stake in the latest venture. The company sees this as a good thing, and that is from the perspective, it might serve as a source of &#8220;future value creation opportunities.&#8221;<\/p>\n<p>One AT&amp;T spokesperson has spoken about how the business has been going about matters, and he started talking about the acquisition of DirecTV. This spokesperson disclosed that they channeled a whopping $60 billion in the US video business, hoping things would work out well.<\/p>\n<p>He agrees that some of the company\u2019s transactions have been disappointing because they didn&#8217;t work out according to plan. As an example, he points out how matters played out with the US&#8217;s TV households. According to the official, the number declined significantly because of as a result cord-cutting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The constant shifts in the pay-TV landscape have kept the various service providers on edge. AT&amp;T Inc (NYSE:T) is one among the many companies looking [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":42287,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[1648,3051,6864,15138,1104],"stock_ticker":[13867],"class_list":["post-44162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-att-inc-nyset","tag-att-inc","tag-directv","tag-moffettnathanson","tag-nyset","stock_ticker-t","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Circumstances Force AT&amp;T Inc (NYSE:T) To Sell Its DirecTV - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/circumstances-force-att-inc-nyset-to-sell-its-directv-44162\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Circumstances Force AT&amp;T Inc (NYSE:T) To Sell Its DirecTV - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"The constant shifts in the pay-TV landscape have kept the various service providers on edge. 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