Why AT&T's Spinoff Could Benefit Long-Term Investors
AT&T (NYSE: T) is breaking up into three companies, which could unlock significant value for shareholders. The threefold split is very complicated, and many investors don't fully understand some parts of it. But those who hang on until the end of the deal next year should do quite well.
The three companies will be:
The DirecTV and Warner Bros. Discovery businesses will provide $50.7 billion in cash to AT&T to pay down its debt, which currently stands at more than $150 billion according to S&P Capital Intelligence.
Source Fool.com
