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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.
AT&T purchased DirectTV for $48.5 billion back in 2015. But in 2021, following the loss of millions of customers, AT&T sold a 30% stake of the business to private equity firm TPG for $16.25 billion.
Comcast Cable Holdings, LLC (formerly AT&T Broadband Corporation) Comcast MO Group, LLC (formerly Media One or Bell West) Comcast MO of Delaware, LLC; Comcast Phone LLC; Comcast IP Phone LLC; CN900 (Michigan) CN81 (Indiana) Comcast Wholesale; Xfinity Mobile; Effectv; Xfinity Streampix; Xumo; Comcast Spectacor operating sports and entertainment ...
Still, the deal will help aid EchoStar's heavy debt load while also helping cut costs for the owners of DirecTV. AT&T spun off DirecTV in 2021, moving it into a joint venture with private equity ...
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 ...
Liberty Media's Discovery Channel and QVC continued to do well, but the newer projects had problems and the company's stock price dropped by half. If AT&T agreed to spin off Liberty Media, new deals such as a possible News Corp. purchase of DirecTV would be easier because AT&T would no longer require federal approval to complete such deals. [27]
The telecom giant will sell its 70% stake in DIRECTV, marking the end of a painful and costly era. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...