AT&T Sells DirecTV Stake to TPG

This is a news story, published by ABC News, that relates primarily to AT&T news.

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ABC News

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AT&T exits showbiz, sells remaining stake in DirecTV to private equity firm TPG for $7.6 billion

Summary

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80% Informative

AT&T said Monday in a filing with the Securities and Exchange Commission that it will receive payments from TPG and DirecTV for its remaining 70% stake in the satellite TV company.

The transaction is expected to close in the second half of 2025 .

AT&C said that the deal will allow it to focus on being a wireless 5 G and fiber connectivity company and strengthen its balance sheet.

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formal

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English

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not offensive