AT&T has started exploring options for its 70% interest in DirecTV as it nears the end of a deal, upon which it can legally sell its holding in the pay-TV provider, Bloomberg’s Scott Moritz, Michelle F. Davis, and Gillian Tan report. Among the company’s options are a dividend recapitalization, adding a new investor, or selling the stake and withdrawing from the venture as soon as August 2024, the authors say, citing people familiar with the discussions.
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