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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 ... For premium support please call: 800-290-4726 more ... comes more than a decade after AT&T agreed to buy DirecTV for $48.5 ...
The termination of the Dish acquisition does not affect TPG’s acquisition of the remaining 70% stake in DirecTV from AT&T for $7.6 billion. That transaction is expected to close in the second ...
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 private equity firm TPG for $16.25 billion.
On December 25, 2020, a bombing in Nashville, Tennessee, caused AT&T service outages across the U.S., but primarily in Middle Tennessee. Cellular, wireline telephone, Internet, and U-verse television services were affected due to infrastructure damage to an AT&T service facility located near the blast site. [100] [101]
In selected markets, AT&T began to replace AT&T U-verse TV with a new service based on its DirecTV Now platform, AT&T TV, in August 2019. [46] [47] [48] On April 3, 2020, AT&T began announcing that U-verse TV would no longer be available to new customers. New customers ended up receiving AT&T TV for TV service. [49]
Shortly before DirecTV made its announcement, AT&T said it was selling its remaining stake in DirecTV to private equity firm TPG in a deal valued at about $7.6 billion.
DirecTV service had an estimated 11.3 million subscribers (inclusive of AT&T U-verse TV) as of the end of 2023, according to estimates from Leichtman Research Group, compared with a peak of 25.5 ...