https://www.wsj.com/articles/at-t-enters-late-stage-of-directv-auction-fielding-offers-above-15-billion-11607526184?mod=hp_lead_pos7
Churchill Capital Corp. IV buying DTV?
8 replies (most recent on top)
T Business Strategy - Buy HIGH Sell VERY LOW!
What blows my mind is that the same id–ts who made the deal in the first place and then ran it into the ground (Stankey, McRotten), are on the committee deciding who to sell this to at a massive discount.
Isn't that a bit like the murderer sitting on the bench and deciding his own sentence?
AT&T paid close to $85 billion include debt assumed with DTV.
American capitalism at its finest, buy something for $60B sell it at firesale prices
Losing capital is capitalism at its finest? Okay.
American capitalism at its finest, buy something for $60B sell it at firesale prices, management responsible get fat golden parachutes and walks away headache free, poor working schmucks likely to wind up on the unemployment line for years of valuable service. System is working just as it's designed.
It's not $15B. They are selling a stake in it, and saying the offers value it at $15B. So maybe they get 7B at this point.
Sadly, a lot of past and present employees are impacted by whatever happens.
after all the money T poured into this DirwcTV fiasco, 15B is like giving it away for free, just unload this shhitpie and write off 60B loss