At&t Buy Directv 🆓

: By 2021, the business that AT&T once valued at $67 billion was worth only about $16 billion.

Facing mounting debt and pressure from activist shareholders, AT&T began a multi-year process to divest itself of its media assets. at&t buy directv

In July 2015, AT&T finalized its acquisition of DirecTV for approximately ($67 billion including assumed debt). At the time, the deal made AT&T the largest pay-TV provider in the world, boasting 26 million U.S. customers. : By 2021, the business that AT&T once

The timing of the acquisition proved disastrous. Shortly after the deal closed, the "cord-cutting" phenomenon accelerated as millions of consumers began ditching traditional satellite and cable for streaming services like Netflix and Amazon Prime Video. : By 2021