AT&T (T) May Spend Billions Of Dollars On This Soon

According to a new report, AT&T is actively looking to acquire media companies valued between $2 billion and $50 billion.

According to Bloomberg, the telecom company will seek deals over the next three to five years, effectively shifting its business model.

AT&T just spent $48.5 billion on its acquisition of DirecTV. The company’s CEO Randall Stephenson is working on his next deal from a spreadsheet of 40 to 45 peers and targets in the media industry, according to the report from Bloomberg.

Disclaimer: We have no position in AT&T Inc. (NYSE: T) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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