AT&T Is Said to Be Close to Sale of Major DirecTV Stake to TPG

Feb. 23, 2021, 7:39 PM

AT&T Inc. is nearing a deal to sell a significant stake in DirecTV to private equity firm TPG, marking a long-sought exit from the struggles of managing a declining satellite TV business.

A deal would value DirecTV at about $15 billion, according to people with knowledge of the matter. That’s a fraction of the $48.5 billion AT&T agreed to pay for the business in 2014.

If AT&T and TPG are able to reach a deal, an announcement could come as soon as this week or next, the people said, asking not to be identified because the information is private....

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