Is AT&T Stock a Buy?
AT&T (NYSE: T) has streamlined its business through two bold moves this year. It spun off DirecTV, AT&T TV, and U-verse into a new stand-alone company in August. AT&T retained a 70% stake in the "new" DirecTV, while the private investment firm TPG bought the remaining 30%.
Second, AT&T announced it would spin off WarnerMedia and merge it with Discovery (NASDAQ: DISCA) (NASDAQ: DISCK) to create another stand-alone company by mid-2022. AT&T's shareholders will receive shares representing 71% of the new company, while Discovery's shareholders will receive shares representing the remaining 29%.
Image source: AT&T
Source Fool.com
