Jill Goldsmith Co-Business EditorThe WarnerMedia parent was CME’s largest shareholder and announced Tuesday that it’s received the hefty payment and that it no longer backstops approximately $575 million in CME debt.
AT&T acquired its stake in CME with the acquisition of Time Warner in 2018. It announced the sale a year ago.The telco and media giant said the transaction “is consistent with AT&T’s ongoing efforts to monetize non-core assets to drive incremental shareholder value.” The company is in the midst of a major push to lower its net debt to strengthen its balance sheet, including through asset sales.Wall Street continues to anticipate some kind of deal around AT&T-owned satellite broadcaster DirecTV.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.