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AT&T’s WarnerMedia close to selling Hudson Yards stake -source

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AT&T's WarnerMedia close to selling Hudson Yards stake -sourceA winning bidder has been selected for the sale of AT&T’s WarnerMedia unit’s stake in the second-tallest office building in Manhattan, a deal expected to top $2 billion, a source involved in the bidding said on Monday. The winner, whose identity remains undisclosed, was chosen at the end of last week for WarnerMedia’s 1.5 million square feet (139,355 meters) of space at 30 Hudson Yards, the hub of the trendy development project on Manhattan’s far west side, the source said. AT&T, looking to cut debt after last year’s $85 billion take over of Time Warner, plans to lease back the space, the source said.

Source: Yahoo.com