I know that AT&T tried to divest itself of DirecTV.I haven't seen anything anywhere but DTV is now back to being their own company. You've prob seen the new logo.
I called today to ask about NFLST and found this out. Probably means it'll be back to how DTV used to be.
No it's not. See the new logo? And the URL is still directv.com. Before, directv.com would redirect you to att.com/directv.I know that AT&T tried to divest itself of DirecTV.
I didn't know that DirecTV is separate. I just went to the DirecTV.com website and it's still tied in with AT&T.
I remember reading that AT&T sold 30% and still owns 70% of this "new" company. AT&T Finally Made a Deal to Sell (Some of) DIRECTV | The Motley FoolNo it's not. See the new logo? And the URL is still directv.com. Before, directv.com would redirect you to att.com/directv.
EDIT: And they are honoring all AT&T discounts as well.We now know that the deal will give AT&T 70% equity in the business and TPG will own 30%. The transaction values the new company at $16.25 billion.
"Once the transaction is completed, existing AT&T video subscribers will become New DIRECTV customers and will be able to keep their video service and any bundled wireless or broadband services, as well as HBO Max, plus any associated discounts," the announcement says.
(From the article you posted)
I don't have access to the article you are referring to, but this one says they got 7.8B and they value the new company at 16.25B. AT&T spins out DirecTV as a $16B company, a quarter of what it paid in 2015(From the article you posted)So AT&T paid $49B for DirecTV. It sold 30% of the new spin-off DirecTV for $1.8B. Simple math says that DirecTV is worth $6B now. Just how did the value of DirecTV drop by 87.5% in 6+ years? Even buying a house in Detroit during the bubble didn't drop this much. Even EBay's acquisition of Skype wasn't this bad.You'd have to go back to the HP acquistion of Autonomy to be this bad.
AT&T will net $7.8 billion as part of the pact.
"The transaction to separate AT&T's US video business into New DirecTV implies an enterprise value for the new company of $16.25 billion."
Scottjf8, how did you contact DTV? What phone number did you use?I haven't seen anything anywhere but DTV is now back to being their own company. You've prob seen the new logo.