Sep 30, 2024 · TPG to Acquire AT&T’s 70% Stake in DIRECTV Sep.30.2024. Stronger Financial Profile to Enable DIRECTV to Accelerate Investments in Innovative Next-Generation Streaming Services. Transaction Reflects TPG’s Long-Term Focus on Content Distribution and Ability to Provide Bespoke Solutions to Corporate Partners

TPG will invest in DIRECTV through TPG Capital, the firm’s U.S. and European private equity platform. Since 2021, DIRECTV has operated as a joint venture between AT&T and TPG consisting of DIRECTV, DIRECTV STREAM and U-verse video services previously owned and operated by AT&T.

Sep 30, 2024 · 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.

Feb 25, 2021 · TPG would probably allow AT&T’s current executive team to continue running DIRECTV, but it would provide guidance on overall direction, and perhaps add a key executive or two. This is why AT&T announced today that AT&T executive Bill Morrow will serve as DIRECTV’s new CEO when the deal closes. But TPG will have two of the five board seats.

This new company will own and operate the DIRECTV, AT&T TV and U-verse video services previously owned and operated by AT&T. DIRECTV had approximately 15.4 million premium video subscribers at the end of the second quarter of 2021.

DALLAS / NEW YORK, FEB. 25, 2021 — AT&T Inc.* and TPG Capital, the private equity platform of global alternative asset firm TPG, announced today that they have signed a definitive agreement under which the two parties will establish a new company named DIRECTV (“New DIRECTV”) that will own and operate AT&T’s U.S. video business unit ...

Feb 25, 2021 · AT&T Inc. * (NYSE: T) and TPG Capital, the private equity platform of global alternative asset firm TPG, announced today that they have signed a definitive agreement under which the two parties will establish a new company named DIRECTV (“New DIRECTV”) that will own and operate AT&T’s U.S. video business unit consisting of the DIRECTV, AT&T TV a...

Sep 30, 2024 · AT&T announced today that it has reached an agreement to sell its remaining 70% stake in DirecTV to TPG, finalizing its exit from the pay-TV business. The deal, expected to close in the second half of 2025, will bring in a total of …

Sep 30, 2024 · TPG will invest in DIRECTV through TPG Capital, the firm’s U.S. and European private equity platform. Since 2021, DIRECTV has operated as a joint venture between AT&T and TPG consisting of...

Sep 30, 2024 · SAN FRANCISCO & FORT WORTH, Texas -- (BUSINESS WIRE)-- TPG (NASDAQ: TPG), a leading global alternative asset management firm, today announced it has reached an agreement to acquire from AT&T...