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AT&T Might Not Get $20 Billion For DirecTV – Seeking Alpha

AT&T is unlikely to get a private equity bid for DirecTV at $20 billion. The market may not even welcome such a low price for a business originally having a transaction value of $67 billion.

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News reports are suggesting that AT&T (T) might sell its DirecTV unit for up to $20 billion. The wireless and media company paid $49 billion for the company back in 2015, but investors shouldn’t be assured that a private equity buyer will pay such a large sum for a declining business. My investment thesis is that AT&T continues to lose relevance, and any ability to focus the business is a positive, but the price tag for DirecTV isn’t necessarily value-creating.
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