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DirecTV Sale Talk Boosts Shares of AT&T and Dish

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variety.com

Cynthia Littleton Business EditorAT&T and Dish Network shares rose in after-hours trading Friday following a report that AT&T is again talking to prospective buyers for DirecTV.The Wall Street Journal reported Friday that AT&T has resumed conversations with private equity firms that have expressed interest in the satellite TV provider that has struggled with a steady and increasing stream of subscriber losses in the era of cord-cutting and the rise of streaming alternatives.

Goldman Sachs is working with the telco giant on the sale.AT&T is known to have considered a range of options for DirecTV for some time.

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