AT&T sells remaining stake in DirecTV

Seeing the writing on the wall, the once great and powerful telephone communications giant, sold the tv and streaming service to TPG Capital. TPG Capital is now the sole, direct owner of DirecTV and U-Verse. AT&T did not reveal how much TPG Capital paid for its stake in the service.

Reminds me of the effort AT&T made with NCR: In 1991, AT&T acquired the firm through a hostile takeover, buying NCR for $7.5 billion.
In December 1990, AT&T executive Robert Kavner justified his firm’s costly plan to buy NCR by saying that combining the two firms would create a powerhouse.
But instead of synergy, the deal produced a sinkhole.
NCR’s losses at one point reached $2 million per day, and now, a company that cost AT&T more than $7 billion to buy has a market capitalization of just $3.5 billion. (CNN Money, 1997)

During the late 20th century, AT&T expanded into various technology sectors beyond telecommunications, including computers and office equipment. For example, in the 1980s, AT&T ventured into personal computers and typewriters.

AT&T announced on Wednesday, December 21, 1983, the purchase of 100 million shares of Olivetti for $4.26 million.
Huge mistake! Huge!!

I worked for AT&T prior to, during, and after this time. I purchased two of those typewriters and sent them both back. Pieces of CRAP!
AT&T was a once great company. A great TELECOMMUNICATIONS company. I enjoyed the early years of my career there. Toward the end, a retirement deal saved my sanity.