TPG to Acquire AT&T’s 70% Stake in DIRECTV | TPG
WEBSeptember 30, 2024 – TPG (NASDAQ: TPG), a leading global alternative asset management firm, today announced it has reached an agreement to acquire from AT&T the remaining 70% stake in DIRECTV that it does not already own. TPG will invest in DIRECTV through TPG Capital, the firm’s U.S. and European private equity platform.
AT&T sells stake in DirecTV for $7.6 billion as it exits ... - CBS News
WEB1 day 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.
TPG to Acquire AT&T’s 70% Stake in DIRECTV | TPG Inc.
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 $500 million in 2029. AT&T expects to receive approximately $7.6 billion in cash payments from DIRECTV through 2029. The transaction also contemplates that DIRECTV will ...
AT&T Sells Remaining Stake in DIRECTV to TPG - AT&T Newsroom
WEB2 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. Over the past three years, the Company achieved financial outcomes consistent ...
AT&T Agrees to Sell DirecTV Holding to TPG for $7.6 Billion
WEB1 day ago — AT&T Inc.said it had agreed to sell its majority stake in DirecTVto private equity firm TPG Inc. for $7.6 billion in cash. The payments include $1.7 billion in pre-tax quarterly distributions in ...
AT&T is selling its majority DirecTV stake to private equity firm TPG ...
WEB1 day ago — 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 TPG in a deal valued at $16.25 billion ...
Live news: TPG strikes two deals to become main US provider of ...
WEB2 days ago — Live news: TPG strikes two deals to become main ... On Monday it agreed to buy a 70 per cent stake in pay television operator DirecTV from AT&T for $7.6bn. In 2021, TPG purchased an initial 30 per ...
TPG to Acquire AT&T’s 70% Stake in DIRECTV - Business Wire
WEB1 day ago — Contacts. Media Luke Barrett / Courtney Power TPG 415-743-1550 [email protected]. Tom Johnson / Dan Scorpio H/Advisors Abernathy 212-371-5999 [email protected] / dan.scorpio@h-advisors ...
DirecTV and Dish are merging - The Verge
WEB1 day ago — Private equity firm TPG has arranged a two-step agreement to buy the remaining 70 percent of DirecTV that it didn’t already own from AT&T for a reported $7.6 billion and merge all of that with Dish.
AT&T exits pay-TV and frees DirecTV to combine with rival Dish
WEB1 day ago — 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 cash ...