The sale involves a 70 percent stake that AT&T retained for itself after spinning out DirecTV into a separate, privately-held ...

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TPG (NASDAQ: TPG), a leading global alternative asset management firm, today announced the completion of its acquisition from AT&T of the remaining 70% stake in DIRECTV it did not already own. With ...

The close of the $7.6 billion deal, originally announced last September, frees AT&T from a legacy media business that has ...

AT&T purchased DirecTV for $48.5 billion back in 2015. But in 2021, following the loss of millions of customers, AT&T sold a 30% stake of the business to TPG.

TPG said it will invest in DIRECTV through TPG Capital, the firm's U.S. and European private equity platform. DIRECTV also plans to make a special distribution of at least $1.625 billion to its ...

AT&T agreed to sell its remaining 70% share of DirecTV to TPG for roughly $7.6 billion in payments through 2029, sealing the telecom giant’s exit from the entertainment business. TPG bought a 30 ...

DirecTV will take on $9.75 billion of Dish debt if the deal is completed. In a related transaction also announced today , private equity firm TPG plans to buy AT&T's 70 percent stake in DirecTV.

But if TPG isn’t successful rebuilding DIRECTV as a streaming company combined with a satellite service that offers cheaper, slimmer TV packages, I could see it start to bring down the curtain ...

Notably, TPG also said that it cut a deal to acquire the 70 percent of DirecTV currently owned by AT&T. Once completed, AT&T will officially be out of the TV business, after spinning out ...

As part of the spin off from AT&T to TPG, DirecTV will need to pay $2 billion to the telecom giant in 2025 and an estimated $7.6 billion through 2029, the companies said.

TPG, which currently owns 30% of DirecTV, will cover the bulk of the $2.5-billion loan to EchoStar. TPG’s Angelo Gordon division will handle the financing.