Communications giant AT&T has agreed to sell its remaining 70% stake in US pay-TV firm DirecTV to private equity outfit TPG Partners for $7.6bn.
The deal ends AT&T’s remaining ties to the entertainment industry, having spun off WarnerMedia in 2022.
AT&T acquired DirecTV in 2015, selling a 30% stake in the business to TPG in 2021.
AT&T said the sale allows it to “continue to focus on being the leading wireless 5G and fibre connectivity company in America” and that it would strengthen its balance sheet by pulling forward cash expected over the next several years.
The company expects the transaction to close in the second half of 2025.
“This transaction is the right next step for DirecTV as we advance our vision and continue to evolve our product to offer consumers the broadest array of content,” said Bill Morrow, CEO of DirecTV. “Our team is the best in the business, and we are driven to provide innovative video services with an outstanding customer experience. We are eager to deepen our support from TPG and invest in our video services to benefit customers nationwide.”
David Trujillo, Partner at TPG, said “DirecTV will be in a stronger position to reinvigorate its core product offerings and accelerate investment in its next-generation streaming service. We look forward to continuing to support DirecTV, alongside its talented team, to accelerate the company’s strategic vision.”
You are not signed in
Only registered users can comment on this article.
.jpg)
EU Sovereign AI: Collaboration crucial to AI and cloud success
Collaboration and innovation are crucial ingredients for establishing a sovereign cloud and AI ecosystem within Europe to reduce dependency on US hyperscalers, concluded an SMPTE panel at IBC2026.
Comcast and Paramount Skydance weigh future of SkyShowtime platform
Comcast and Paramount Skydance are reportedly considering winding down their SkyShowtime joint venture.
Disney+ launches curated Playlists feature
Disney+ is introducing Playlists, a feature that brings together themed collections of episodes and movies that play continuously.
Apple expands Apple TV to 170 markets
Apple is rolling out is Apple TV streaming platform into 59 additional countries, taking the service’s global footprint to 170 markets.
Canal+ and LaLiga strike anti-piracy agreement
France’s pay-TV group Canal+ and Spanish football league LaLiga have signed a strategic anti-piracy agreement covering nearly 50 countries across Europe, Sub-Saharan Africa, and Haiti.
