DALLAS (dpa-AFX) - WarnerMedia, an operating company of AT&T (T), said that it agreed to sell its space at 30 Hudson Yards to an affiliate of Related Companies for about $2.2 billion. The transaction is expected to close in late second-quarter 2019.
WarnerMedia also said that it 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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