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stockguard

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stockguard

Re: None

Wednesday, 04/24/2019 3:17:08 PM

Wednesday, April 24, 2019 3:17:08 PM

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NEW YORK--(BUSINESS WIRE)--WarnerMedia, an operating company of AT&T (NYSE:T), has signed an agreement with an affiliate of Related Companies to sell its space at 30 Hudson Yards for approximately $2.2 billion. The transaction is expected to close in late second-quarter 2019.

WarnerMedia has an agreement to lease the space at 30 Hudson Yards through early 2034. AT&T will use proceeds from this transaction, along with additional planned sales of non-core assets, to reduce its debt.

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