India, July 2 -- AT&T (T) announced it has closed its transaction to sell its entire remaining 70% stake in DIRECTV to TPG Capital, the U.S. and European private equity platform of global alternative asset management firm TPG.
In September 2024, AT&T agreed to sell its majority interest in DIRECTV Entertainment Holdings LLC to TPG, which holds the minority interest, for which AT&T expected to receive approximately $7.6 billion in cash payments from DIRECTV and the buyer through 2029.
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