(Bloomberg) — AT&T Inc. is seeking private equity investors to buy the majority of its DirecTV satellite-television business, helping it cope with a major drag on its operations, according to people familiar with the situation.Such a move could let AT&T remove DirecTV from its books while potentially still giving it access to some of the cash flow, said the people, who asked not to be identified because the deliberations are private.Under new Chief Executive Officer John Stankey, who took the helm last month, AT&T is looking for more ways to slim down after years of growing through acquisitions. It’s also …read more
Source:: Yahoo Finance
