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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 ...
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 ...
Today, AT&T stores sell all AT&T products and services: Wireless, Landline, Internet, U-Verse, DIRECTV, and more. AT&T currently markets all services under one brand, even though the wireless division is commonly referred to as "AT&T Mobility" both internally and externally.
On July 9, 2001, it spun off AT&T Wireless Services in what was then the world's largest initial public offering (IPO). Later that year it spun off AT&T Broadband and Liberty Media, which comprised its cable TV assets. AT&T Broadband was subsequently acquired by Comcast in 2002, and AT&T Wireless merged with Cingular Wireless LLC in 2004.
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 ...
It was later bought by AT&T in 1995 and used by the pre-2004 "AT&T Wireless" after Cingular's purchase of AT&T Wireless in 2004 for $41 billion. [95] At that time, Cingular was jointly owned by SBC Communications (Southwestern Bell Corporation) of San Antonio, Texas, which owned 60 percent, and BellSouth of Atlanta, Georgia.
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