Peter Kafka

@pkafka ↗

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Last Checked Feb. 25, 2021

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Thu Feb 25 21:56:03 +0000 2021

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Peter Kafka @pkafka

Notes: As @sherman4949 and others note, DirecTV is actually worth less than $16b, since this total now includes the rest of AT&T's (non-WarnerMedia) TV biz. As @MattBelloni and others note, John Stankey, the AT&T exec who made the deal happen, is now AT&T CEO. — PolitiTweet.org

Posted Feb. 25, 2021

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Peter Kafka @pkafka

@sherman4949 yes — PolitiTweet.org

Posted Feb. 25, 2021

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Peter Kafka @pkafka

And, as AT&T notes, the reason TPG is putting money into this is that DirecTV is an actual business, still: "Since AT&T closed the DIRECTV acquisition in 2015, the business has generated cash flows of more than $4 billion per year... the company expects this to continue in 2021." — PolitiTweet.org

Posted Feb. 25, 2021