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entertainment media/telecom

AT&T Eyes Sale of DirecTV Unit

By
Jessica Toonkel
· · Source: The Wall Street Journal

AT&T is in talks with a number of private equity firms, including Apollo Group, about buying its DirecTV satellite business, according to The Wall Street Journal. The company has been under pressure to sell the declining satellite business for some time. Last year, activist investor Elliott Management pushed for such a move. Now, as the telecom giant looks to reduce its debt and stem losses...

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