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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 is selling its remaining 70% stake in DirecTV to private equity firm TPG a decade after agreeing to buy the satellite TV provider. ... AT&T sold a 30% stake of the business to TPG in a deal ...
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.
The telecom giant will sell its 70% stake in DIRECTV, marking the end of a painful and costly era. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...
U-verse TV is an internet protocol television (IPTV) service operated by DirecTV.Launched on June 26, 2006, U-verse was originally a triple play package that included broadband Internet (now AT&T Internet or AT&T Fiber), IP telephone (now AT&T Phone), and IPTV (U-verse TV) services in 22 states.
To that end, in September, AT&T sold its majority stake in TV provider DirecTV to private equity firm TPG for $7.6 billion. AT&T's long-term debt now stands at $126 billion, down from more than ...
DirecTV will buy rival Dish to create massive pay-TV company after yearslong pursuit; DirecTV will buy rival Dish to create massive pay-TV company after yearslong pursuit; AT&T exits entertainment industry with a $7.6 billion sale of its majority stake in DirecTV to private equity firm TPG
Thus, AT&T as a wireless brand is alive and well; however, the old AT&T Wireless Services company remains defunct. Today, AT&T stores sell all AT&T products and services: Wireless, Landline, Internet, U-Verse, DIRECTV, and more. AT&T currently markets all services under one brand, even though the wireless division is commonly referred to as "AT ...