Advertisement
Canada markets closed
  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CAD/USD

    0.7320
    -0.0003 (-0.04%)
     
  • CRUDE OIL

    83.86
    +0.29 (+0.35%)
     
  • Bitcoin CAD

    87,983.10
    +292.56 (+0.33%)
     
  • CMC Crypto 200

    1,390.66
    +8.09 (+0.58%)
     
  • GOLD FUTURES

    2,345.80
    +3.30 (+0.14%)
     
  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • NASDAQ futures

    17,767.25
    +199.75 (+1.14%)
     
  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     
  • FTSE

    8,078.86
    +38.48 (+0.48%)
     
  • NIKKEI 225

    37,780.35
    +151.87 (+0.40%)
     
  • CAD/EUR

    0.6826
    +0.0005 (+0.07%)
     

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

(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:

ADVERTISEMENT

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)