AT&T Nears A Deal with TPG and Macy’s Reports A Profit 🛍
AT&T Nears A Deal with TPG and Macy’s Reports A Profit
AT&T is one of the largest communication companies out there. With a focus on software-based entertainment providers, AT&T also delivers entertainment experiences through HBO Max and AT&T TV. With an expansive reach, AT&T is furthering itself even more.
Recently, AT&T is closing in on a deal to sell a large stake in DirecTV to private equity firm TPG, revealing a possibly strategic move out from the declining satellite TV business, likely in hopes to focus more on the ever-growing market of streaming.
If the deal goes through, it will help AT&T deal with its $150 billion in debt.
Macy’s is an American store mostly located in malls that sells fashion and high-quality products in-person and using their e-commerce site and mobile app. Macy’s is a staple of American consumer culture and has recently reported its first quarterly profit in a year.
The profit likely comes from efforts to slash inventories and rely less on significant discounts during the holidays. 2021 could be a substantial year of recovery for Macy’s balance sheet and stock.
Shares are down about 6% from a year ago, and Macy’s market cap of $4.74 billion is still less than competitors such as Kohl’s and Nordstrom.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.