AT&T (NYSE: T), has hired Goldman Sachs Group Inc. (NYSE: GS) to see through the process of offloading its stake in DirecTV, according to a Wall Street Journal report.What Happened: AT&T acquired DirecTV in 2015, and the total purchase price including assumed debt was about $67.1 billion.With the rise of various digital and OTT platforms like Netflix Inc. (NASDAQ: NFLX) there has been a steady decline in the subscriber base of DirecTV, and this is said to be the reason AT&T is exploring a sale. Advisors from Goldman Sachs and officials from AT&T have been in talks with private equity …read more
Source:: Yahoo Finance
