With net debt of $149 billion, few companies are as indebted as AT&T. The American conglomerate has a long history and was once so dominant that it prompted the U.S. Department of Justice to break it up into several service providers.
Now, despite still being a dominant player, the company has been facing the harsh realities of staying together and keeping so much debt on its balance sheet. As a result, rumors have been swirling about the potential sales the company has been exploring as AT&T attempts to deleverage.
First, rumors came that the company could sell CNN to Amazon founder and Washington Post owner Jeff Bezos. Then, as recently as last week, reports surfaced saying it was exploring a sale of anime platform Crunchyroll to Sony. Now, there’s talk of a sale of a minority interest in its DirecTV, AT&T Now and U-verse pay television operations.
Whether these rumors become reality is still up in the air, but they would certainly help expedite the process of paying down debt.