AT&T Fields DirecTV Offers Over $15 Billion

AT&T received bids for its DirecTV unit valuing the satellite TV service at more than $15 billion including debt, with Michael Klein’s blank-check company among the bidders.

Churchill Capital Eyes AT&T’s DirecTV Stake

A blank-check company backed by former Citigroup Inc. rainmaker Michael Klein is among the parties interested in buying a stake in AT&T Inc.’s DirecTV satellite-television business, according to people with knowledge of the matter. Churchill Capital Corp. IV, which raised $2.07 billion in July, is working with advisers on a potential bid for the asset, the people said, asking not to be identified because the discussions are private.