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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.
A group of Dish bondholders on Monday rejected the proposed debt-exchange offer from DirecTV that was contingent upon them accepting a “haircut” of $1.5 billion.
Under the deal, DirecTV will pay Dish’s owner, EchoStar, just $1 for Dish in exchange for assuming its billions of dollars in debt. Private equity firm TPG, meanwhile, will acquire AT&T’s ...
AT&T announced today that it has reached an agreement to sell its remaining 70% stake in DirecTV to TPG, finalizing its exit from the pay-TV business. The deal, expected to close in the second half of 2025, will bring in a total of $7.6 billion in payments to AT&T through 2029.
Dish Network is majority-owned by Charlie Ergen’s family through trusts. AT&T owns Dish Network's arch-rival, DIRECTV. Are DIRECTV and Dish Network owned by the same company? AT&T...
DIRECTV (the “Company”) and EchoStar (NASDAQ: SATS) today announced that they have entered into a definitive agreement under which DIRECTV will acquire EchoStar’s video distribution business DISH DBS (“DISH”), including DISH TV and Sling TV, through a debt exchange transaction.
An acquisition by DirecTV would represent a coda of sorts for Dish Network’s chairman, Charlie Ergen, a former professional blackjack player who has long sought to unite the two satellite TV...
DirecTV announced a deal Monday with Dish parent company EchoStar to acquire Dish in a deal valued at nearly $10 billion — which would create the U.S.’s largest pay-TV provider.
AT&T Inc. said Monday it has agreed to sell its 70% stake in satellite-TV company DirecTV Entertainment Holdings LLC to its partner, private-equity firm TPG Inc., for about $7.6 billion in...
DirecTV today announced an agreement to buy the Dish satellite TV and Sling TV streaming business from EchoStar for a nominal fee of $1 in what the companies called a debt exchange transaction.