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AT&T reportedly in talks to sell stake in its legacy TV, satellite businesses

AT&T is considering the sale of a “significant minority stake” in its DirecTV, AT&T Now (formerly DirecTV Now) and U-verse television operations, according to CNBC. The outlet, which cited anonymous sources familiar with the matter, said that the deal would value DirecTV at about $15 billion, after AT&T purchased DirecTV in a $67 billion acquisition five years ago that was positioned as a way to diversify AT&T’s revenue mix and offer its customers more video options.

Rumors of a potential sale of DirecTV have been surfacing from time to time over the past few months, but CNBC reported that several private equity companies, including Apollo Management, will be submitting final bids in early December.

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