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Telecom giant AT&T is considering off-loading satellite TV subsidiary DirecTV, according to the Wall Street Journal, citing sources.
The company has also mulled spinning off DirecTV into a separate company, as well as merging DirecTV’s assets with satellite-TV company Dish Network, said the outlet.
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AT&T declined to comment.
Shares of AT&T, which trade under the ticket T, are popping nearly 1% in extended hours, after closing down 1.1% during the regular session Wednesday.
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Dish Network shares are trading higher after hours, up 1.8% after closing out the session up 0.8%.
The news comes less than a week after AT&T was sued by a group of investors for allegedly...
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