AT&T Finishes Offloading DirecTV

AT&T finishes offloading DirecTV

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

AT&T completes transaction involving 70 percent stake in DirecTV

An AT&T retail store. (Handout photo courtesy AT&T, Graphic by The Desk) AT&T has sold its remaining stake in satellite and streaming pay television provider DirecTV to TPG Capital, the company announced on Wednesday. The sale involves a 70 percent stake that AT&T retained for itself after spinning out DirecTV into a separate, privately-held company nearly four years ago. The sale also includes U-Verse, a platform formerly known as AT&T U-Verse …

Deal Roundup: Odyssey agrees $1.3bn Applied Techical Services sale, TPG completes DIRECTV buyout from AT&T

Odyssey Investment Partners has agreed to sell Applied Technical Services to trade buyer SGS at a $1.3bn valuation. The post Deal Roundup: Odyssey agrees $1.3bn Applied Techical Services sale, TPG completes DIRECTV buyout from AT&T appeared first on AltAssets Private Equity News.

DIRECTV Has Been Sold As AT&T Exits The Satellite TV Service

In a significant move to streamline its operations and focus on core telecommunications and 5G expansion, AT&T Inc. announced today the successful closure of its previously disclosed transaction to sell its entire remaining 70% stake in DIRECTV to TPG Capital, the U.S. and European private equity platform of global alternative asset management firm TPG. The […] The post DIRECTV Has Been Sold As AT&T Exits The Satellite TV Service appeared first …

AT&T Makes Strategic Move: Sells Last 70% DIRECTV Stake as TPG Takes Full Control

Major strategic shift as AT&T finalizes complete exit from DIRECTV business. Learn deal implications and what this means for telecommunications giant's future focus.