AT&T sells stake in DirecTV for $7.6 billion as it exits ... - CBS News
WEB5 days ago · AT&T is lowering curtain on its foray into the entertainment business, selling its majority stake in satellite TV provider DirecTV to private equity firm TPG for $7.6 billion.
AT&T Sells Remaining Stake in DIRECTV to TPG - AT&T Newsroom
WEB6 days ago · Subscribe to AT&T News AT&T ( NYSE:T ) (“the Company”) reached an agreement to sell its remaining stake in DIRECTV to TPG. Under the agreement, the Company will sell its entire 70% stake in a non-contingent transaction subject only to customary closing conditions.
AT&T exits pay-TV and frees DirecTV to combine with rival Dish
WEBAT&T’s stock has gained 31% to date in 2024, while the S&P 500 has gained 20%. EchoStar was down 11% but has gained 51% this year. AT&T exits pay-TV business and frees DirecTV to combine with ...
AT&T sells DirecTV for $7.6 billion: What it means | wfaa.com
WEB6 days ago · AT&T purchased DirecTV 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 TPG.
AT&T Finally Gets Out of the Media Business With DIRECTV Sale
WEB4 days ago · AT&T is selling its 70% stake in DIRECTV, the last major piece of the company's media empire. AT&T wasted billions of dollars on media acquisitions over the past decade, piling up debt in the ...
AT&T sells stake in DirecTV to TPG for $7.6 billion - Yahoo Finance
WEB5 days ago · AT&T, which acquired DirecTV in 2015, signed a joint-venture agreement with TPG in 2021, in which the private equity firm contributed about $1.8 billion in cash in exchange for a 30% stake in ...
AT&T Sells Remaining Stake in DIRECTV to TPG - PR Newswire
WEBDALLAS, Sept. 30, 2024 /PRNewswire/ -- AT&T (NYSE:T) ("the Company") reached an agreement to sell its remaining stake in DIRECTV to TPG.Under the agreement, the …
AT&T sells stake in DirecTV to TPG for $7.6 bln | Reuters
WEB5 days ago · AT&T said on Monday it would sell its entire 70% stake in satellite TV provider DirecTV to private equity firm TPG for $7.6 billion, exiting a business marked by declining distributions for the ...
AT&T Agrees to Sell DirecTV Holding to TPG for $7.6 Billion
WEBAT&T Inc. had agreed to sell its majority stake in DirecTV to private equity firm TPG Inc. for $7.6 billion in cash. The payments include $1.7 billion in pre-tax quarterly distributions in …
TPG to Acquire AT&T’s 70% Stake in DIRECTV | TPG
WEBUnder the terms of the transaction, TPG will make an initial payment of $2.0 billion, subject to certain deductions, to AT&T during 2025 and additional payments to AT&T totaling …