In the summer of 2015, telecom giant AT&T closed its acquisition of satellite powerhouse DirecTV, touting its new role as "the largest pay TV provider" in the world.
Price tag: $67 billion, including debt. AT&T ended that year with 25.4 million U.S. pay TV subscribers. Fast-forward to this Feb.
25, when AT&T sold a 30 percent stake in DirecTV and its other video services, U-Verse and AT&T TV, to private equity firm TPG Capital.
The deal valued the new entity, known as DirecTV, at $16.25 billion, "down considerably," as Moody’s analyst Neil Begley noted — 76 percent to be precise.
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