AT&T Sells Stake in DirecTV. What It Means for the Stock’s Dividend.
- Posted on September 30, 2024
- By Yahoo News
- 2 Views
AT&T Sells Stake in DirecTV. What It Means for the Stock’s Dividend.
AT&T has agreed to sell its 70% stake in DirecTV. Does that now make the stock more attractive to income hungry investors? AT&T said it would sell the rest of DirecTV to private-equity firm TPG, which holds the minority interest, for about $7.6 billion in cash payments through 2029.
