In July 2015, AT&T finalized its acquisition of DirecTV for approximately ($67 billion including assumed debt). At the time, the deal made AT&T the largest pay-TV provider in the world, boasting 26 million U.S. customers.
: By 2021, the business that AT&T once valued at $67 billion was worth only about $16 billion. at&t buy directv
Facing mounting debt and pressure from activist shareholders, AT&T began a multi-year process to divest itself of its media assets. In July 2015, AT&T finalized its acquisition of