AT&T nears deal with TPG to sell large minority stake in DirecTV, U-verse

AT&T is nearing a deal to sell a substantial minority stake in its DirecTV and U-verse business to private-equity firm TPG, according to people familiar with the matter.

A deal could be announced as soon as this week, said the people, who asked not to be named because the discussions are private. The deal includes all of AT&T’s streaming assets, including AT&T TV.

The deal will value the AT&T video businesses around at $15 billion. AT&T acquired DirecTV in 2015 for $48.5 billion.

TPG declined to comment. AT&T could not be immediately reached for comment.

This story is developing.

Source link




Anxiety Might Speed Alzheimer’s: Study

The findings are based on a study...

UK economy shrank by 9.9% in 2020, its largest contraction on record

A man wearing a mask as a preventive measure against the spread of Covid-19 walks in London.May James | SOPA Images | LightRocket...

Alaska Republican Sen. Lisa Murkowski calls for Trump to resign

Senator Lisa Murkowski, a Republican from Alaska, speaks during a Senate Health, Education, Labor and Pensions Committee hearing on efforts to get back...

Trump tests negative for the coronavirus on consecutive days, White House doctor says

U.S. President Donald Trump, with bandages seen on his hand, takes off his face mask as he comes out on a White House...

23 House Dems ask Facebook about weapons ads in wake of Jan. 6

Facebook CEO Mark Zuckerberg is seen testifying remotely during a Senate Judiciary Committee hearing titled, "Breaking the News: Censorship, Suppression, and the 2020...