AT&T Ponders Dumping DirecTV After Investor Backlash, But It's Not Likely To Help

AT&T Ponders Dumping DirecTV After Investor Backlash, But It's Not Likely To Help

4 years ago
Anonymous $RAvQk0gPh1

https://www.techdirt.com/articles/20190919/07453043023/att-ponders-dumping-directv-after-investor-backlash-not-likely-to-help.shtml

As we just got done noting, investors have finally started to grumble about AT&T's obsession with merger mania (aka "growth for growth's sake"). AT&T, you'll recall, spent more than $150 billion to acquire Time Warner and DirecTV in a bid to dominate the streaming video and online advertising space. But the deals saddled AT&T with so much debt, it forced the company to raise rates despite rising competition, driving many of these customers to the exits. Oh, and AT&T's being sued by other investors for allegedly lying about it. It has also largely bungled its TV branding in general.

In what appears to be an intentional leak designed to suggest that AT&T is taking these concerns seriously, a report emerged this week in the Wall Street Journal (non paywalled alternative read here), suggesting that AT&T may now try to offload DirecTV after paying $67 billion for the company back in 2015: