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.
Netflix uses GenAI on 300 titles in 2026
Netflix has revealed that nearly 300 titles on its platform have used generative AI, from early concept stages and pre-visualisation through to post-production and release.
Poppy Dixon appointed BBC Head of Documentaries
The BBC has appointed former Sky executive Poppy Dixon as its Head of Documentaries.
Virgin Media launches AI robots to monitor TV network in real-time
Virgin Media has created its own AI robots to monitor its television network quality in real-time in a bid to quickly identify and resolve any issues when they occur.
US government seizes over 1,000 websites streaming FIFA World Cup
Global anti-piracy coalition the Alliance for Creativity and Entertainment (ACE) has applauded the US government’s seizure of over 1000 illegal websites streaming the FIFA World Cup over the past month.
Channel 4 names Simon Rexworthy as Chief Strategy and Corporate Development Officer
Simon Rexworthy has been named Channel 4’s Chief Strategy and Corporate Development Officer. He will report to Chief Executive Priya Dogra and join the broadcaster’s executive committee.
