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    Home»Deals & Transactions»AT&T to sell Xandr ad unit to Microsoft
    Deals & Transactions

    AT&T to sell Xandr ad unit to Microsoft

    December 21, 2021Updated:December 21, 20211 Min Read
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    AT&T Inc said on Tuesday it was selling its advertising unit, Xandr, to Microsoft, partly exiting a venture that had appeared to become expensive for the telecom company.

    AT&T has spent billions to build a media company, satellite TV provider and an advertising platform all under one roof, but those plans faced investors’ criticism as struggled to reduce debt.

    The telecom company expects its pending $43 billion deal to combine WarnerMedia’s media assets with Discovery Inc to close by the middle of 2022.

    Read more/Source: Reuters

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