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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.
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 ...
DirecTV Stream (formerly DirecTV Now and AT&T TV) is a premium streaming multichannel television service offered in the United States by DirecTV.. The brand offers pay television service without a contract, with the service utilizing a customer's existing streaming TV hardware, such as a Roku or Amazon Fire TV device, and is also available on some smart TV systems like Tizen OS by Samsung ...
AT&T previously spun off DirecTV in 2021, moving it into a joint venture with TPG. The telecom giant took a $15.5 billion impairment charge in 2020 to account for subscriber losses, while Dish has ...
The purchase was completed on December 20, 1985, for an estimated $5.2 billion, with $2.7 billion in cash and the remainder in 50 million shares of GM Class H stock. [ 2 ] On December 31, 1985, General Motors merged Hughes Aircraft with its Delco Electronics unit to form Hughes Electronics Corporation, an independent subsidiary.
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Yet this figure pales compared to DirecTV’s 20.3 million peak TV subscriber base in 2015 when AT&T bought a majority stake in the company. DirecTV was founded by Hughes Electronics in 1994.