from Caesars Palace<\/a> on the Las Vegas Strip, so the company already has some sports betting exposure.<\/p>\nWhere AT&T Comes Into Play<\/h2>\n
Bleacher Report<\/i> became an AT&T property via the telecom giant’s $108 billion purchase of Time Warner in 2018. Due in large part to that deal, AT&T carries a massive debt burden of $164.3 billion, of which $147.2 billion is long-term, and is under pressure from some investors to sell assets.<\/p>\n
Reports recently surfaced that AT&T could sell DirecTV, which it acquired in 2015 for $67.1 billion. Additionally, in his frequent social media bashing of CNN, President Trump often floats the idea of AT&T parting with the cable news network.<\/p>\n
Though AT&T management is committed to selling $10 billion worth of assets this year, it’s not immediately clear what businesses could be divested, and if Bleacher Report <\/i>could fetch a compelling enough price tag<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"Barely more than a month old as a public company, DraftKings (NASDAQ: DKNG) may already be considering an acquisition in the form of Turner Sports’ Bleacher Report unit. The rumor was initially reported by Front Office Sports late Tuesday, with Turner, a unit of AT&T (NYSE:T), saying it has no interest in divesting the popular […]<\/p>\n","protected":false},"author":46,"featured_media":136915,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32093,1],"tags":[],"acf":[],"yoast_head":"\n
DraftKings Is Reportedly Kicking Tires on Bleacher Report<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n