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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. [50] [51] [52] AT&T then announced plans to converge its existing U-verse home internet and IPTV brands with DirecTV, to create AT&T Entertainment. [53] [54] [55] 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.
However, the merged company took the better-known AT&T name and branding, changing its corporate name to AT&T Inc. to differentiate the company from the former AT&T Corporation. On December 1, 2005, the merged company's New York Stock Exchange ticker symbol was changed from "SBC" to the traditional "T" used by AT&T.
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 ...
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 ...
Partnering with AT&T as a technology provider, McCaw introduced their "Cellular One" service in 1990, the first truly national cellular system. AT&T purchased 33% of the company in 1992 and arranged a merger in 1994 that made Craig McCaw one of AT&T's largest shareholders. In 2002, the company was spun off from AT&T to become AT&T Wireless ...
The merger would bring Time Warner's properties under the same umbrella as AT&T's telecommunication holdings, including satellite provider DirecTV. [87] [88] The deal faced criticism for the possibility that AT&T could use Time Warner content as leverage to discriminate against or limit access to the content by competing providers. [89]