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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]
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 is selling its remaining 70% stake in DirecTV to private equity firm TPG a decade after agreeing to buy the satellite TV provider.
On September 30, 2024, DirecTV announced its intent to acquire DISH Network, under an arrangement under which TPG Inc. will acquire the remaining stake of DirecTV it does not already own from AT&T, and then acquire DISH Network's video business from Echostar for $1 while assuming its net debt. The combined company would have had a total of ...
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 ...
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 ...
DirecTV also began selling off its ownership interests, culminating in a $100 million sale to a private equity firm in 2005. [8] As a result, Hughes became a wholly owned subsidiary of SkyTerra Communications Inc., which was controlled by the investment firm.
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.