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The deal, announced Monday, comes more than a decade after AT&T agreed to buy DirecTV for $48.5 billion, an acquisition that was designed to give the telecom giant a larger base of video ...
On September 30, 2024, AT&T announced that they would sell their remaining 70% stake to TPG Inc. for $7.6 billion. Once the transaction is completed, TPG Inc. will have 100% ownership of DirecTV, splitting the company off from AT&T for the first time since 2015. AT&T and TPG Inc. expect the sale to close in the second quarter of 2025. [8]
AT&T purchased DirectTV 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 in a deal valued at $16.25 billion. Like many traditional TV providers, DirecTV has been dragged down by dwindling demand and other headaches in the ever-evolving media landscape.
DirecTV is majority-owned by AT&T, with a minority stake held by TPG. The service had 11.3 million subscribers (inclusive of AT&T U-verse TV) as of the end of 2023, according to estimates from ...
AT&T has agreed to spin off its video business unit, DirecTV, in a $16.25 billion transaction with private equity firm TPG Capital. According to the agreement, AT&T (T) and TPG will form a new ...
On September 30, 2024, DirecTV announced its intent to acquire DISH Network, under an arrangement under which TPG Inc. will acquire the remaining stake of DirecTV it does not already own from AT&T, and then acquire DISH Network's video business from Echostar for $1 while assuming its net debt. The combined company would have had a total of ...
It was originally exclusive to DirecTV, though it was also added to AT&T U-verse after AT&T's 2015 acquisition of DirecTV. It was also made available on later AT&T streaming efforts, including AT&T TV and AT&T Watch TV, a lower-cost option available to AT&T Mobility customers. [2] As of 2019, the channel had a subscription base of 26 million. [3]
The ABC and ESPN blackout on DirecTV — affecting nearly 11 million homes — comes during a busy sports calendar with college football, the NFL and the U.S. Open tennis tournament.