Timeline: AT&T's biggest deals over the last decade


FILE PHOTO: President and CEO of Discovery David Zaslav speaks during the Discovery portion of the Television Critics Association (TCA) Summer Press Tour in Beverly Hills, California, U.S., July 25, 2019. REUTERS/Danny Moloshok/File Photo

(Reuters) - AT&T Inc spent billions of dollars over the last few years buying media assets, including Time Warner and DirecTV as it looked for growth beyond an increasingly competitive cellular market.

With a spin off of its media assets to Discovery Inc on Monday and the sale of it stake in DirecTV to buyout firm TPG Capital earlier this year, AT&T is now working on streamlining its business, paying down its debt and focusing on expanding its 5G network.

Discovery acquired Scripps Networks Interactive Inc for $11.9 billion in 2017 and the Oprah Winfrey Network last year for about $36 million.

Here is a timeline of AT&T's largest deals over the last ten years:

2012 - Acquired the equity of NextWave Wireless Inc for up to $50 million and took on $550 million of the company's debt (https://reut.rs/3owxBmc)

2013 - Bought prepaid wireless provider Leap Wireless International Inc in a deal valued at about $4 billion. The deal included a large debt component (https://reut.rs/3bxueGq)

2014 - Bought satellite TV provider DirecTV for $48.5 billion (https://reut.rs/3ftepkY)

2016 - Agreed to buy media firm Time Warner Inc for $85 billion, in the boldest move by a telecoms company to buy content to stream over its network (https://reut.rs/2S4UdOc)

2020 - Agreed to sell its Crunchyroll anime business to Sony's Fumination Global Group LLC in $1.18 billion deal. The deal gave Sony access to Crunchyroll's 3 million paying subscribers (https://reut.rs/3tXLk6q)

2021 - Agreed to sell one-third of its stake in DirecTV to buyout firm TPG Capital in a deal valuing the business at about $16 billion, well below what it paid for the asset less than six years earlier (https://reut.rs/3yf10pk)

(Reporting by Eva Mathews and Tiyashi Datta in Bengaluru; Editing by Shounak Dasgupta)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: -1
Cxense type: NA
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Tech News

Google says in cloud partnership with India's Jio in boost to 5G plans
Remote working your way to burnout? Signs that you’re near your limit
Senior Japanese lawmaker accuses Toshiba activists of short-termism
MCMC: Stricter conditions for telcos awarded spectrum
S.Korea retailer E-Mart buys eBay's S.Korean business for $3 billion
Crypto bosses see miners fleeing China as crackdown spreads
U.S. lobby group views India's e-commerce plan as worrying, email shows
Samsung Elec, affiliates fined $207 million over cafeteria contracts
Deutsche Bank taps Oracle to simplify its IT, cut costs
Visa to buy Swedish fintech Tink for $2.2 billion

Stories You'll Enjoy


Vouchers