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The satellite TV giant, which is now fully owned by the private equity firm, expects to increase its investments in video ...
Private equity firm TPG completed its $7.6 billion purchase of the 70% stake it didn't already hold in DirecTV from AT&T. Why ...
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DirecTV Has a New Owner
DirecTV, the satellite TV and streaming provider, is now under new corporate ownership. AT&T has finished selling its stake ...
The pact with TPG implies an enterprise value of $16.25 billion, a far cry from the $48.5 billion that AT&T paid for DirecTV in 2015. AT&T will own the remaining 70% of the new entity.
TPG, an alternative asset management firm, has announced the completion of its acquisition from AT&T of the remaining 70 per ...
AT&T will spin off its DirecTV-related business into a new company in a deal with private equity firm TPG that will net the Dallas-based telecommunications giant about $7.8 billion to pay down debt.
AT&T to Sell Stake in DirecTV and Video Business to TPG. AT&T will receive $7.8 billion in the deal, which it will use to pay down its mounting debt load. By Georg Szalai, Alex Weprin.
The pact with TPG implies an enterprise value of $16.25 billion, a far cry from the $48.5 billion that AT&T paid for DirecTV in 2015. AT&T will own the remaining 70% of the new entity.
TPG will pay $1.8 billion in cash for a 30% stake. AT&T EXPLORING A DEAL FOR DIRECTV (AGAIN) The deal values the new company at $16.25 billion with about $6.4 billion of debt.
TPG, the massive private-equity firm whose holdings include CAA and DirecTV, has set the price of its initial public offering at $29.50 per share, offering 33,900,000 shares of Class A common stock.
DirecTV will take on $9.75 billion of Dish debt if the deal is completed. In a related transaction also announced today , private equity firm TPG plans to buy AT&T's 70 percent stake in DirecTV.
The deal calls for AT&T to sell a 30 percent stake in DirecTV, AT&T TV and its U-Verse to TPG in exchange for $1.8 billion in cash.