Reported 7 days ago
AT&T is selling its remaining 70% stake in DirecTV to private equity firm TPG for $7.6 billion, marking its exit from the entertainment industry. The deal is structured to provide AT&T with $1.7 billion this year and $5.4 billion next year, with the rest to be paid in 2029. This move allows AT&T to concentrate on its core business in wireless and fiber connectivity, with the transaction expected to finalize in the second half of 2025.
Source: YAHOO