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AT&T Is Said to Hold Talks to Sell DirecTV Stake to TPG (1)

AT&T Inc. is holding exclusive talks to sell a significant stake in DirecTV to private equity firm TPG, the latest stage of a monthslong push to unload at least part of the struggling pay-TV business, according to a person familiar with the matter.

Private Equity Firm Sued Over Portfolio Company Stock Plan Sale

Private equity firm Long Point Capital Inc. and independent trust company GreatBanc Trust Co. are accused of orchestrating an illegal $44 million transaction that allowed the firm to unload its shares in a portfolio company to the company’s workers at an unfair price, according to a proposed class action filed in the Northern District of Illinois.

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