AT&T Seeking Private Equity Buyers for Majority of DirecTV
- Move could remove DirecTV from books while retaining cash glow
- AT&T has previously mulled idea of merging business with Dish
Photographer: Patrick T. Fallon/Bloomberg
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AT&T Inc. is seeking private equity investors to buy the majority of its DirecTV satellite-television business, helping it cope with a major drag on its operations, according to people familiar with the situation.
Such a move could let AT&T remove DirecTV from its books while potentially still giving it access to some of the cash flow, said the people, who asked not to be identified because the deliberations are private.