AT&T sells part of DirecTV to buyout firm TPG
AT&T Inc. agreed to sell a stake in its pay-TV unit to private-equity firm TPG and carve out the struggling business, pulling the...
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AT&T sells part of DirecTV to buyout firm TPG
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AT&T, loaded with debt from its DirecTV deal, sells part of its TV business to a private equity firm.
The spinoff, which will give TPG a minority stake, values the TV business at $16.25 billion — about a third of what AT&T paid..
NYTimes.com