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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 half of 2025. [8]
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 ...
In July 2015, AT&T purchased DirecTV for $48.5 billion. [51] [52] [53] AT&T then announced plans to converge its existing U-verse home internet and IPTV brands with DirecTV, to create AT&T Entertainment. [54] [55] [56] On October 22, 2016, AT&T announced a deal to buy Time Warner for $108.7 billion in an effort to increase its media holdings.
[53] [54] AT&T subsequently announced plans to converge its existing U-verse home internet and IPTV brands into a combined platform with DirecTV, tentatively known as AT&T Entertainment. [55] [56] [57] On November 7, 2014, AT&T announced its purchase of Iusacell to create a wider North American network. [58]
APTraders gather at the post that handles AT&T on the floor of the New York Stock Exchange on May 19, 2014, the day after AT&T announced it intended to buy DirecTV for $48.5 billion. By Anya ...
By Liana B. Baker, Soyoung Kim and Marina Lopes AT&T plans to pay $48.5 billion to buy DirecTV, in the latest sign that the wireless industry and the U.S. television market are set to converge as ...
The $48.5 billion acquisition of DirecTV by AT&T was approved by the FCC and closed on July 24, 2015, which effectively places Root Sports Southwest under full AT&T ownership by virtue of its ownership of DirecTV. [13] [19] On April 8, 2016, DirecTV Sports Networks rebranded under the AT&T name as AT&T Sports Networks. [20]
Patrick T. Fallon/Bloomberg via Getty Images By Soyoung Kim and Ronald Grover NEW YORK and LOS ANGELES -- AT&T (T) is in active talks to buy satellite TV provider DirecTV (DTV) and may complete a ...